Shenzhen Airport Co., Ltd. (SZSE:000089) agreed to acquire remaining 5% stake in Shenzhen Airport Air Cargo Co., Ltd. from Shenzhen Airport (Group) Co., Ltd. on December 3, 2015. Shenzhen Airport Air Cargo reported for year ending December 31, 2014, total assets of CNY 124 million, total liabilities of CNY 74.7 million, net assets of CNY 49.5 million, revenue of CNY 376 million, operating loss of CNY 3.2 million and net loss of CNY 4.1 million. The acquisition of Shenzhen Airport Air Cargo Co., Ltd.’s shares has been approved by Shenzhen Airport’s directorate, and does not need the shareholders’ approval. Shenzhen Airport Co., Ltd. (SZSE:000089) cancelled the acquisition of remaining 5% stake in Shenzhen Airport Air Cargo Co., Ltd. from Shenzhen Airport (Group) Co., Ltd. on December 3, 2016.