Keda Industrial Group Co., Ltd. (SHSE:600499) agrees to acquire remaining 40% stake in ICF & Welko S.P.A. from Witaly SRL for €11.2 million on January 4, 2021. The consideration will be paid before December 31, 2021. As of September 30, 2020, I.C.F & Welko S.P.A.had total assets and net assets as €39.1 million and € 17 million. For year ended December 21, 2019, I.C.F & Welko S.P.A. had total revenue, Ebidta and net profit as €30.9 million, €2.8 million and €1.1 million respectively. Transaction does not need the approvals of the Keda Industrial directorate and Shareholders.