Qingdao Shunlixing Investment Partnership (Limited Partnership) signed an agreement to acquire a 5% stake in Guangdong Huatie Tongda High-speed Railway Equipment Corporation (SZSE:000976) from Guangzhou Hongzhong Investment Partnership (Limited Partnership) for approximately CNY 450 million on July 19, 2020. Under the terms, Qingdao Shunlixing Investment Partnership (Limited Partnership) will acquire 79.8 million shares of Guangdong Huatie Tongda High-speed Railway Equipment Corporation at an offer price of CNY 5.679 per share. The payment will be done in 4 installments. On July 28, 2020, the transaction is approved by Shenzhen Stock Exchange. The approval is valid for 60 days, and the Guangzhou shall complete the transfer registration in one time.