Jiangsu Rongneng Investment Development Co., Ltd signed an agreement to acquire a 22.82% stake in Xinjiang International Industry Co.,Ltd (SZSE:000159) from Qiantai Zhongsheng Trading Co., Ltd for CNY 1.1 billion on December 27, 2021. As per the transaction, buyer will acquire 109.7 million shares. Post completion, controlling shareholder will change.

Jiangsu Rongneng Investment Development Co., Ltd completed the acquisition of a 22.82% stake in Xinjiang International Industry Co.,Ltd (SZSE:000159) from Qiantai Zhongsheng Trading Co., Ltd on January 19, 2022.