Baoji Huayou Petroleum Drilling Equipment Co., Ltd. agreed to acquire 51% stake in Baoji Beiken Energy Equipment Design Co., Ltd. from XinJiang Beiken Energy Engineering Co.,Ltd. (SZSE:002828) for CNY8.7 million on September 18, 2023. On September 20, 2023, the 10th session of XinJiang Beiken Energy Engineering Co.,Ltd. (SZSE:002828) directorate and the 11th session of the company?s 5th supervisory board approved the transaction.