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.