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.