Dalian BIO-CHEM Company Limited (SHSE:603360) agreed to acquire 40% stake in Clearon Corp. from Dalian Hui Yu Xin Technology Development Co., Ltd. for CNY 110 million on December 4, 2019. The transaction is subject to approval from the shareholders of Dalian BIO-CHEM Company Limited and Dalian BIO-CHEM Company Limited's board approved the transaction. In 2018 Clearon had total assets of CNY 525.8 million, total debt of CNY 309.7 million, operating revenues of CNY 608.5 million, net loss of CNY (84.8) million and net assets CNY 216.4 million. Dalian BIO-CHEM Company Limited (SHSE:603360) cancelled the acquisition of 40% stake in Clearon Corp. from Dalian Hui Yu Xin Technology Development Co., Ltd. on December 4, 2020.