ShanDongDenghai Seeds Co.,LTD (SZSE:002041) agreed to acquire additional 2% stake in Ningxia Denghai Wanlian Seeds Co., Ltd. from Mao Weichang and Wang Chungang for CNY 0.2 million on December 29, 2016. ShanDongDenghai Seeds Co., Ltd plans to acquire Ningxia Denghai Wanlian Seeds Co., Ltd.’s 1% and 1% stakes from Mao Weichang and Wang Chungang for CNY 0.1 million and CNY 0.1 million respectively. After the completion of the transaction ShanDongDenghai Seeds Co.,LTD will hold 53% stake. The transaction has been approved by the Board of ShanDongDenghai Seeds Co.,LTD and does not need any shareholders approval. ShanDongDenghai Seeds Co.,LTD (SZSE:002041) cancelled the acquisition of an additional 2% stake in Ningxia Denghai Wanlian Seeds Co., Ltd. from Mao Weichang and Wang Chungang on December 29, 2017.