Qingdao Zhongyin Jiufang Equity Investment Partnership Enterprise (Limited Partnership) signed share transfer agreement to acquire 26.9% stake in Steyr Motors Corp. (SZSE:000760) from Ningbo Lirui Equity Investment Partnership Enterprise (Limited Partnership), Ningbo Beixin Equity Investment Partnerdhip Enterprise (Limited Partnership), Changsha Zeming Venture Capital Partnership Enterprise (Limited Partnership) and Zhuhai Runlin Venture Capital Partnership Enterprise (Limited Partnership) for CNY 2.1 billion on August 8, 2017. Qingdao Zhongyin Jiufang Equity Investment Partnership Enterprise (Limited Partnership) signed the share transfer agreement with Changsha Zeming Venture Capital Partnership Enterprise (Limited Partnership), Ningbo Beixin Equity Investment Partnership Enterprise (Limited Partnership), and Zhuhai Runlin Venture Capital Partnership Enterprise (Limited Partnership) on August 8, 2017. Whereas with Ningbo Lirui Equity Investment Partnership Enterprise (Limited Partnership) on August 11, 2017. Under the terms of the transaction, Changsha Zeming Venture Capital Partnership Enterprise (Limited Partnership) will sale 73.4 million shares for approximately CNY 720 million, Ningbo Beixin Equity Investment Partnership Enterprise (Limited Partnership) will sale 58.7 million shares for approximately CNY 570 million, Ningbo Lirui Equity Investment Partnership Enterprise (Limited Partnership) and Zhuhai Runlin Venture Capital Partnership Enterprise (Limited Partnership) will sale 40 million shares for CNY 390 million respectively. Post transfer, Qingdao Zhongyin Jiufang Equity Investment Partnership Enterprise will hold 26.9% stake. The transaction has been approved by investment decision-making committee of Qingdao Zhongyin Jiufang Equity Investment Partnership Enterprise (Limited Partnership).