Pangang Group Vanadium & Titanium Resources Co., Ltd. (SZSE:000629) signed a share transfer agreement to acquire Pangang Group Xichang Vanadium Products Technology Co., Ltd. from Pangang Group Xichang Steel and Vanadium Company Limited for CNY 4.6 billion on September 7, 2021. 70% of the consideration will be paid within 5 working days from the delivery date and the remaining 30% stake will be paid with 12 months from the delivery date. As of June 30, 2021, Pangang Group Xichang Vanadium Products Technology reported total assets of CNY 1.67 billion, liabilities of CNY 207.2 million and net assets of CNY 1.46 billion. The deal is subject to approval from Pangang Group Vanadium & Titanium Resources Co., Ltd. (SZSE:000629) board and shareholders. As of September 7, 2021 Pangang Group Vanadium & Titanium Resources Co., Ltd. board approved the deal. As of September 29, 2021 Pangang Group Vanadium & Titanium Resources Co., Ltd. shareholders approved the deal.