Wuhan Fiberhome Integration Technologies Co., Ltd. agreed to acquire 20% stake in Wuhan FiberHome Networks Co., Ltd. from Wuhan Zhongnan Commercial Group Co., Ltd. (SZSE:000785) for CNY 35 million on December 25, 2015. As of December 31, 2014, Wuhan FiberHome Networks Co., Ltd. reported total assets of CNY 708.81 million, net assets of CNY 158.22 million, revenues of CNY 459.64 million and net loss of CNY 38.54 million. The transaction was approved by the Board of Wuhan Zhongnan Commercial Group.