Sichuan Crun Co., Ltd (SZSE:002272) made a bid to acquire Zigong Purun Trading Co., Ltd. from Sichuan Commercial Investment Co., Ltd. on August 24, 2020. Sichuan Crun Co., Ltd entered into an agreement to acquire Zigong Purun Trading Co., Ltd. from Sichuan Commercial Investment Co., Ltd for approximately CNY 370 million on September 18, 2020. Under the terms, approximately CNY 110 million has already been paid, approximately CNY 110 million within 5 days from when the contract becomes effective and the remaining approximately CNY 260 million has to be paid before December 15, 2020. The transaction will be funded by Sichuan Crun Co., Ltd's own funds not exceeding CNY 377.2 million. Zigong Purun Trading Co., Ltd. reported total assets of CNY 450.2 million, net assets of CNY 60.5 million, net profit of CNY 0.65 million and revenue of CNY 23.7 million as of December 31, 2019. The transaction is approved by the Board of Sichuan Crun Co., Ltd.