DeTai New Energy Group Limited (SEHK:559) entered into a non-legally binding memorandum of understanding to acquire an unknown minority stake in Zhongcai Building Materials and Technology Company Limited on September 17, 2018. The entry into formal agreement is subject due diligence review by DeTai New Energy Group Limited and completion of corporate reorganization. There is a exclusivity term period of 90 days after the signing date of the memorandum. DeTai New Energy Group Limited (SEHK:559) cancelled the acquisition of an unknown minority stake in Zhongcai Building Materials and Technology Company Limited on September 17, 2019.