Guanghui Energy Co., Ltd. (SHSE:600256) agreed to acquire 17.46% stake in Xinjiang Hong Nao Third Railway Co., Ltd. from Xinjiang Huatong Investment Company for approximately CNY 710 million on September 20, 2018. As per the terms, consideration will be payable in cash. The transaction has been approved by Guanghui Energy at the fifteenth meeting of the seventh directorate held on September 18, 2018.