Fasten Group Co. Ltd. signed an agreement to acquire Jiangsu Fasten Metal Wire Cable Sales Co., Ltd. from Jiangsu Fasten Company Limited (SZSE:000890) for CNY 5 million on May 25, 2016. In a related deal, Fasten Group Co. Ltd. agreed to acquire Jiangsu Fasten Special Steel Products Co., Ltd. for approximately CNY 190 million and Jiangsu Fasten Metal Products Co., Ltd. for approximately CNY 260 million from Jiangsu Fasten Company Limited (SZSE:000890) on May 25, 2016. The share transfer agreement was signed on May 27, 2016. The transaction has been approved by Board of Directors of Jiangsu Fasten Company Limited on May 25, 2016. Fasten Group Co. Ltd. completed the acquisition of Jiangsu Fasten Metal Wire Cable Sales Co., Ltd. from Jiangsu Fasten Company Limited (SZSE:000890) on September 30, 2016.