Shandong Longji Machinery Co., Ltd. (SZSE:002363) share transfer agreement to acquire remaining 51% stake in SHW Longji Brake Discs (Longkou) Co., Ltd. from SHW Automotive GmbH on September 28, 2017. For the year ended December 31, 2016, SHW Longji Brake Discs (Longkou) Co., Ltd. reported total assets of CNY 201.8 million, owner’s equity of CNY 177.9 million, revenues of CNY 143.1 million, operating profit of CNY 8.03 million and net profit of CNY 6.01 million. The Board of Directors of Shandong Longji Machinery Co., Ltd. approved the transaction.