Smart Specialists Limited agreed to acquire 54.55% stake in LianDi Clean Technology, Inc. (OTCPK:LNDT) from SJ Asia Pacific Ltd. for ¥2.5 billion on May 22, 2015. Under the terms of the deal, 19.9 million shares of LianDi will be sold. The planned effective date of the transaction is June 29, 2015.