North Huajin Chemical Industries Group Corporation agreed to acquire Aksu Huajin Chemical Fertilizer Co., Ltd. from North Huajin Chemical Industries Co.,Ltd. (SZSE:000059) for approximately CNY 430 million on May 22, 2015. Aksu Huajin Chemical Fertilizer Co., Ltd. reported total assets of CNY 2.3 billion, net assets of CNY 415.47 million, revenues of CNY 520.27 million and net loss of CNY 329.62 million for the year ended December 31, 2014. The transaction is subject to the approval of North Huajin Chemical Industries' shareholders. The transaction was approved by the Board of North Huajin Chemical Industries Co.,Ltd. on May 22, 2015. The transaction was approved by the shareholders of North Huajin Chemical Industries Co.,Ltd. on June 9, 2015. North Huajin Chemical Industries Group Corporation cancelled the acquisition of Aksu Huajin Chemical Fertilizer Co., Ltd. from North Huajin Chemical Industries Co.,Ltd. (SZSE:000059) on May 22, 2016.