North Huajin Chemical Industries Co.,Ltd (SZSE:000059) signed a contract to acquire Liaoning Huajin Chemical Engineering Co., Ltd. from North Huajin Chemical Industries Group Corporation for CNY 9.2 million on December 28, 2017. Within five working days after the effective date of this contract, not less than 30% of the consideration will be paid and the remaining balance must be fully paid within one year after the effective date of the contract. On December 28, 2017, the Board of Directors of North Huajin Chemical Industries Co., Ltd. approved the deal. North Huajin Chemical Industries Co.,Ltd (SZSE:000059) cancelled the acquisition of Liaoning Huajin Chemical Engineering Co., Ltd. from North Huajin Chemical Industries Group Corporation on December 28, 2018.