Jiangsu Yoke Technology Co., Ltd. (SZSE:002409) agreed to acquire 90% stake in Chengdu Kemeite Special Gas Co., Ltd. from a group of sellers for CNY 1.3 billion on October 16, 2017. In consideration, 63.8 million new shares will be issued. As of May 18, 2018, the deal terms got revised and the payment consideration was revised to 63.8 million shares. In related deal, Jiangsu Yoke Technology Co., Ltd. agreed to acquire 84.8% stake in Jiangsu Xianke Semiconductor New Material Co., Ltd. for CNY 55.2 million. For the year ended December 31, 2016, Chengdu Kemeite Special Gas Co., Ltd. reported revenues of CNY 347.7 million, operating profit of CNY 136.4 million and net profit of CNY 116.6 million. As of December 31, 2016, Chengdu Kemeite Special Gas Co., Ltd. reported total assets of CNY 570.6 million and net assets of CNY 464.5 million. The deal is subject to approval from CSRC and shareholders of Jiangsu Yoke Technology Co., Ltd. On October 16, 2017, shareholders of Chengdu Kemeite Special Gas Co., Ltd. approved the transaction. On October 17, 2017, the Board of Directors of Jiangsu Yoke Technology Co., Ltd. approved the deal. On November 7, 2017, the shareholders approved the deal. On March 14, 2018, unconditional approval from the Merger, Acquisition, and Reorganization Examination Committee of Listed Companies of CSRC was received. Lin Lin, Geng Chen and Chen Jie of Grandall Law Firm acted as legal advisors, Lu Dezhong and Cheng Zhengfeng of Jiangsu Talent CPA Co., Ltd. acted as accountants and Dongxing Securities Co., Ltd. (SHSE:601198) acted as financial advisor for Jiangsu Yoke Technology Co., Ltd. Jiangsu Yoke Technology Co., Ltd. (SZSE:002409) cancelled the acquisition of 90% stake in Chengdu Kemeite Special Gas Co., Ltd. from a group of sellers on October 16, 2018.