Shanghai QiangSheng Holding Co., Ltd (SHSE:600662) agreed to acquire 50% stake in Shanghai Bus Yongda Autumotive Sales Co., Ltd from Shanghai Qiangsheng Taxi Co., Ltd. for CNY 19 million on December 25, 2012. All the 9 Board of Directors of Shanghai QiangSheng Holding approved the deal.

Shanghai QiangSheng Holding Co., Ltd (SHSE:600662) cancelled the acquisition of 50% stake in Shanghai Bus Yongda Autumotive Sales Co., Ltd from Shanghai Qiangsheng Taxi Co., Ltd. on December 25, 2013.