Shandong New Beiyang Information Technology Co., Ltd. (SZSE:002376) agreed to acquire a 4.8% stake in Shandong Hualing Electronics Co., Ltd. from Mitsubishi Electric Corporation (TSE:6503) for CNY 9.9 million on December 10, 2013. Shandong New Beiyang Information Technology's stake in Shandong Hualing Electronics will be increased to 34.8%. The transaction has been approved by Board of Directors of Shandong New Beiyang Information Technology.