Misho Ecology and Landscape Co., Ltd. (SZSE:300495) signed an asset acquisition through issuance of shares and cash payment agreement to acquire Chongqing Jindian Gardens Co., Ltd. from a group of shareholders for CNY 1.5 billion on May 27, 2016. Out of the total deal value, CNY 708 million will be paid in the form of 21.89 million domestically listed RMB Class A common shares at issue price of CNY 32.34 per share. The remaining CNY 792 million of the consideration will be paid in cash. Misho Ecology and Landscape Co., Ltd. will raise supporting funds of CNY 1.22 billion out of which CNY 792 million will be used to fund the cash portion of the transaction. For the year ended December 31, 2015, Jindian Gardens reported total assets of CNY 1.5 billion, total common equity of CNY 690.13 million, revenue of CNY 873.39 million and net income of CNY 115.33 million. The transaction is subject to Misho Ecology and Landscape Co., Ltd. shareholder approval and China Securities Regulatory Commission approval. On May 27, 2016, Misho Ecology and Landscape Co. held its 2nd directorate’s 14th meeting and approved the transaction. On May 27, 2016, Chongqing Jindian Gardens Co., Ltd. held a shareholders’ meeting and unanimously approved to transfer. On October 20, 2016, China Securities Regulatory Commission approved the deal. GF Securities Co., Ltd. (SZSE:000776) acted as financial advisor, Jincheng Tongda & Neal acted as legal advisor and ShineWing Certified Public Accountants Co., Ltd. acted as an accountant to Misho Ecology and Landscape Co., Ltd.