Yunnan Investment Holding Group Co., Ltd. signed stake transfer agreement to acquire 9.2% stake in LiJiang YuLong Tourism Co., LTD. (SZSE:002033) from Yunnan Provincial Tourism Investment Co., Ltd. for approximately CNY 600 million in cash on December 31, 2015. Yunnan Investment Holding will acquire 38.9 million shares from Yunnan Provincial Tourism Investment at CNY 15.43 per share. After the transaction, Yunnan Investment Holding Group Co., Ltd will hold 9.2% stake in LiJiang YuLong Tourism Co., LTD. On March 28, 2016, State-owned Assets Supervision and Administration Commission approved the transaction.