Nanjing Ruolin Enterprise Management Consulting Co., Ltd. entered into an agreement to acquire COMANY (Nanjing) New Building Materials Technology Co., Ltd. from Comany Inc. (TSE:7945) for approximately CNY 110 million on December 23, 2019. Following the transfer of the equity interest, a loan of ¥ 1,745 million to COMANY (Nanjing) New Building Materials Technology Co., Ltd. will be forfeited on January 15, 2020. For the year ended December 2018, COMANY (Nanjing) New Building Materials Technology Co., Ltd. reported net assets of CNY 80 million, total assets of CNY 242 million, sales of CNY 134 million, operating loss of CNY 5 million and net loss of CNY 18 million. The transaction is expected to complete on January 15, 2020.