Visionox Technology Inc. (SZSE:002387) signed state-owned property transfer contract to acquire the remaining 44.8% in Jiangsu Visionox Display Technology Co., Ltd. from Jiangsu Visionox Display Technology Co., Ltd., Kunshan Yangcheng Lake Wenshang Travel Group Co., Ltd. and other for CNY 3.2 billion on September 30, 2018. As per the terms, consideration will be payable in cash. Visionox Technology Inc. will acquire 30.9% stake and 11.1% stake from Kunshan Guochuang Investment Group Company Limited and Kunshan Yangcheng Lake Wenshang Travel Group Co., Ltd. respectively. On October 12, 2018, Visionox Technology Inc. has paid the consideration. Post acquisition, Visionox Technology will hold 100% stake in Jiangsu Visionox Display Technology. On September 17, 2018, Visionox Technology's 7th extraordinary general meeting reviewed and approved the transaction. Visionox Technology's King & Wood Mallesons acted as legal adviser for Visionox Technology Inc. in the transaction. Visionox Technology Inc. (SZSE:002387) cancelled the acquisition of the remaining 44.8% in Jiangsu Visionox Display Technology Co., Ltd. from Jiangsu Visionox Display Technology Co., Ltd., Kunshan Yangcheng Lake Wenshang Travel Group Co., Ltd. and other on September 30, 2019.