Shanghai QiangSheng Holding Co., Ltd (SHSE:600662) agreed to acquire a stake in Shande Merchant Commercial Factoring Company on January 12, 2016. The transaction was approved by the Board of Shanghai QiangSheng. Shanghai Qiangsheng Holding Co., Ltd. (SHSE:600662) cancelled the acquisition of a stake in Shande Merchant Commercial Factoring Company on January 12, 2017.