Huarui Electrical Appliance Co.,Ltd. (SZSE:300626) signed an agreement to acquire 15% stake in Kangze Pharmaceutical Co.,Ltd from Chen Qidai for approximately CNY 200 million on January 26, 2021. After the transaction Chen Qidai stake will decrease from 36.21% to 21.21%. The transaction is approved by the Board of Directors of Huarui Electrical Appliance. Huarui Electrical Appliance Co.,Ltd. (SZSE:300626) completed the acquisition of 15% stake in Kangze Pharmaceutical Co.,Ltd from Chen Qidai on April 28, 2021.