Clabo S.p.A. (BIT:CLA) agreed to acquire business branch from Qingdao Easy Best Refrigeration Equipment Co.,Ltd. for CNY 23 million on March 1, 2017. Under the terms of consideration CNY 10 million at signing date, CNY 5 million at closing date, CNY 5 million within 8 months from the closing date and 0.5 million in Clabo share within 8 months from the closing date. As of June 6, 2017 Clabo modified consideration with signing an agreement according to which Clabo will pay CNY 7.7 million in cash instead of 0.55 million Clabo shares due to lower value of net moving capital delivered to Clabo, which, was verified in due diligence. Clabo S.p.A. (BIT:CLA) completed acquisition of business branch from Qingdao Easy Best Refrigeration Equipment Co.,Ltd. on March 1, 2017.