NavInfo Co., Ltd. (SZSE:002405) agreed to acquire an additional 37.4% stake in China Satellite Navigation and Communications Co., Ltd. from China Siwei Surveying & Mapping Technology Co., Ltd. for CNY 66.4 million on December 21, 2017. Post-acquisition, NavInfo Co., Ltd. will hold 76.32% stake in China Satellite Navigation and Communications Co., Ltd. The transaction will be funded from internal resources of NavInfo Co., Ltd. For the year ended December 31, 2016, China Satellite Navigation and Communications Co., Ltd. reported total revenue of CNY 150.56 million, total assets of CNY 222.66 million, net assets of CNY 180.91 million and net loss of CNY 3.31 million. The Board of NavInfo Co., Ltd. approved the transaction on December 21, 2017. NavInfo Co., Ltd. (SZSE:002405) cancelled the acquisition of an additional 37.4% stake in China Satellite Navigation and Communications Co., Ltd. from China Siwei Surveying & Mapping Technology Co., Ltd. on December 21, 2018.