China Futex Holdings Limited (SEHK:8506) agreed to acquire Zhangzhou Kaixing Machine Co., Ltd. from group of sellers for CNY 7.3 million on November 5, 2016. China Futex Holdings Limited will acquire Zhangzhou Kaixing Machine Co., Ltd. from Xiamen Longhuai Import & Export Co., Ltd, Chen Yihui, Zheng Jiafu, Green Fountain Management Limited, Palm Voyage Limited, Palm Fortune Limited and Fortunate Times Limited for consideration of CNY 4.13 million, CNY 0.91 million, CNY 0.46 million, CNY 0.48 million, CNY 0.48 million, CNY 0.44 million and CNY 0.44 million, respectively. China Futex Holdings Limited (SEHK:8506) completed the acquisition of Zhangzhou Kaixing Machine Co., Ltd. from group of sellers on November 9, 2016. On January 26, 2017, China Futex Holdings Limited paid the total consideration of CNY 7.3 million, funded by loans from owners and third parties.