QingHai Gelatin Company Limited (SZSE:000606) agreed to acquire the remaining 25% stake in Qinghai Mingxing Bioengineering Co., Ltd. from Sinphar Pharmaceutical Co., Ltd. (TSEC:1734) for CNY 6.3 on March 28, 2013. Within three days after the completion of the share transfer, the buyer must pay the transfer price to the seller. Qinghai Mingxing Bioengineering had total assets of CNY 40.38 million, total liabilities of CNY 50.56 million, net liabilities of CNY 10.19 million, revenues of CNY 11.54 million, operating loss of CNY 5.7 million and net loss of CNY 5.77 million. The transaction was unanimously approved by the 2nd session of QingHai Gelatin Company's 6th Directorate. The transaction is subject to approval by the shareholders of QingHai Gelatin Company Limited. As of April 23, 2013, the transaction is approved by the shareholders of QingHai Gelatin. The conversion for deal value was made through www.oanda.com as on March 28, 2013.

QingHai Gelatin Company Limited (SZSE:000606) cancelled the acquisition of remaining 25% stake in Qinghai Mingxing Bioengineering Co., Ltd. from Sinphar Pharmaceutical Co., Ltd. (TSEC:1734) on March 28, 2014.