Shanxi Lanhua Sci-Tech Venture Co.,Ltd (SHSE:600123) agreed to acquire remaining 40% stake in Shanxi Lantian Xinneng Chemical Co., Ltd. from Shanxi Tianze Coal Chemical Co., Ltd. for CNY 8 million on June 29, 2020. After the acquisition is completed, Shanxi Lantian Xinneng Chemical will become a wholly-owned subsidiary of Shanxi Lanhua Sci-Tech Venture. Shanxi Lantian Xinneng Chemical had total assets of CNY 105.2706 million and net assets of CNY 192.648 million. The transaction was approved at the 12th meeting of the 6th Board of Directors.