Guang Xi Poly Real Estate Group Limited entered into a share transfer agreement to acquire 3.5% stake in Guangxi Poly Lingxiu Investment Co., Ltd from Guangdong Nanyang Cable Group Holding Co.,Ltd. (SZSE:002212) for CNY 7 million on October 16, 2015. The Board of Directors of Guangdong Nanyang Cable Group Holding Co., Ltd approved the transaction and the transaction is further subject to approval of the shareholders of Guangdong Nanyang Cable Group. On November 2, 2015, shareholders of Guangdong Nanyang Cable Group Holding approved the deal.