Xi’an Zhongjin Investment Co., Ltd. agreed to acquire Yichang Xinlong Chemical New Material Co., Ltd. from Xinglong Holding (Group) Company Ltd. (SZSE:000955) for CNY 33 million on January 24, 2019. Deal is subject to approval by shareholders of Xinglong Holding (Group) Company. Yichang Xinlong Chemical reported net assets of CNY 15.69 million and total assets of CNY 25.07 million as of September 30, 2018. 36th session of the 6th directorate of Xinglong Holding (Group) Company approved the deal. Xi’an Zhongjin Investment Co., Ltd. cancelled the acquisition of Yichang Xinlong Chemical New Material Co., Ltd. from Xinglong Holding (Group) Company Ltd. (SZSE:000955) on January 24, 2020.