Wafangdian Bearing Group Corporation agreed to acquire auto transfer case bearing business from Wafangdian Bearing Company Limited (SZSE:200706) on January 18, 2016. The auto transfer case bearing business had revenues of CNY 120.07 million, operating loss of CNY 12.84 million and net loss of CNY 12.84 million in 2015. Wafangdian Bearing Group Corporation cancelled the acquisition of auto transfer case bearing business from Wafangdian Bearing Company Limited (SZSE:200706) on January 18, 2017.