Sichuan Shengda Forestry Industry Co., Ltd (SZSE:002259) agreed to acquire remaining 49% stake in Yulin Jinyuan Natural Gas Co., Ltd. and 49% stake in Mizhi Luyuan Natural Gas Co., Ltd. and 49% stake in Yulin Jinyuan Logistics Co., Ltd. from Shaanxi Luyuan Natural Gas Co., Ltd. on December 31, 2019. Sichuan Shengda Forestry Industry Co., Ltd (SZSE:002259) signed share acquisition agreement to acquire remaining 49% stake in Yulin Jinyuan Natural Gas Co., Ltd. and 49% stake in Mizhi Luyuan Natural Gas Co., Ltd. and 49% stake in Yulin Jinyuan Logistics Co., Ltd. from Shaanxi Luyuan Natural Gas Co., Ltd. for approximately CNY 630 million on January 2, 2020. Yulin Jinyuan Natural Gas Co., Ltd. had total assets of CNY 738.8 million, net assets of CNY 468 million, Mizhi Luyuan Natural Gas Co., Ltd had total assets of CNY 729.8 million, net assets of CNY 253.2 million and Yulin Jinyuan Logistics Co., Ltd. had total assets of CNY 332.5 million, net assets of CNY 13.7 million as at September 20, 2019. The matter is still subject to approval from the Sichuan Shengda Forestry Industry Co., Ltd’s shareholders. The deal is approved at 5th directorate’s 9th meeting of Sichuan Shengda Forestry Industry Co., Ltd on December 31, 2019. Sichuan Shengda Forestry Industry Co., Ltd (SZSE:002259) completed the acquisition of remaining 49% stake in Yulin Jinyuan Natural Gas Co., Ltd. and 49% stake in Mizhi Luyuan Natural Gas Co., Ltd. and 49% stake in Yulin Jinyuan Logistics Co., Ltd. from Shaanxi Luyuan Natural Gas Co., Ltd. on April 24, 2020. The transaction was approved by the shareholders of Sichuan Shengda Forestry Industry Co., Ltd.