Tsinghua Tongfang Artificial Environment Co., Ltd. and Khorgos Qingneng Equity Investment Management Limited Partnership Enterprise agreed to acquire 50% stake in Tongfang Kawasaki Advanced Energy-saving Machine Co., Ltd. from Kawasaki Thermal Engineering Co.Ltd (JASDAQ:6414) on October 24, 2016. Tsinghua Tongfang Artificial Environment Co. will acquire an additional 40% stake and Khorgos Qingneng Equity Investment Management Limited Partnership will acquire 10% stake in Tongfang Kawasaki Advanced Energy-saving Machine Co. Tongfang Kawasaki Advanced Energy-saving Machine Co. had total assets of CNY 357 million, net assets of CNY 138 million, revenue of CNY 151 million, and net loss of CNY 8 million in December 2015. Tsinghua Tongfang Artificial Environment Co., Ltd. and Khorgos Qingneng Equity Investment Management Limited Partnership Enterprise cancelled the acquisition of 50% stake in Tongfang Kawasaki Advanced Energy-saving Machine Co., Ltd. from Kawasaki Thermal Engineering Co.Ltd (JASDAQ:6414) on October 24, 2017.