Henan Shenhuo Coal & Power Co.,Ltd (SZSE:000933) agreed to acquire remaining 25% stake in Shanghai Sunho Aluminum Foil Co., Ltd. from Sino Bright (HK) International Investment Limited for CNY 93.3 million on September 22, 2021. Consideration will be paid in one time within ten working days after complete the company change registration. As a result of the transaction, Henan Shenhuo Coal & Power Co.,Ltd's stake in Shanghai Sunho Aluminum Foil Co., Ltd. will increase from 75% to 100%. Shanghai Sunho Aluminum Foil Co., Ltd. reported total assets of 1.25 billion, total liabilities of CNY 938.52 million, net assets of CNY 307.62 million, revenue of CNY 792.78 million, operating profit of CNY 1.08 million and net profit of CNY 0.64 million for the year ended December 31, 2020. Shanghai Sunho Aluminum Foil Co., Ltd. reported total assets of CNY 1.31 billion, total liabilities of CNY 996.62 million and net assets of CNY 317.5 million. Transaction has been approved by the board of directors of Henan Shenhuo Coal & Power Co.,Ltd.