Sichuan Salt Industry Corporation and Sichuan Salt Industry Group West Sichuan Co., Ltd. agreed to acquire 49% stake in Sichuan Shuncheng Salt Products Co., Ltd from Sichuan Hebang Biotechnology Corporation Limited (SHSE:603077) for approximately CNY 150 million on December 1, 2023. Sichuan Shuncheng Salt Products Co., Ltd reported Total assets worth CNY 535.4 million, EBIT of CNY 317.1 million, Net Income of CNY 37.5 million and Total Common equity of CNY 411.5 million on December 31, 2022. Transaction is already approved by Sichuan Hebang Biotechnology Corporation Limited' board of director's.