Mudanjiang Hengfeng Paper Co.,Ltd (SHSE:600356) agreed to acquire a 50.52% stake in Mudanjiang Hengfeng Thermal Power Co., Ltd. on March 12, 2020. The transaction is approved by the Board of Directors of Mudanjiang Hengfeng Paper. The transaction is approved by the shareholders of Mudanjiang Hengfeng Paper Co.,Ltd. Mudanjiang Hengfeng Paper Co.,Ltd (SHSE:600356) cancelled the acquisition of a 50.52% stake in Mudanjiang Hengfeng Thermal Power Co., Ltd. on March 13, 2021.