Xinjiang Zhongtai Chemical Co., Ltd. (SZSE:002092) signed framework agreement to acquire Xinjiang Fukang Tianshan Cement Co., Ltd. from Xinjiang Tianshan Cement Co., Ltd. (SZSE:000877) on September 22, 2016. In a related transaction, Xinjiang Zhongtai Chemical Co., Ltd. (SZSE:002092) signed framework agreement to acquire Xinjiang Midong Tianshan Cement Co., Ltd. from Xinjiang Fukang Tianshan Cement Co., Ltd and Xinjiang Tunhe Cement Co., Ltd. The transaction will be funded by own funds. For the year ended December 31, 2015, Xinjiang Fukang Tianshan Cement Co., Ltd. reported to have total assets of CNY 1.4 billion, total common equity of CNY 285.16 million, operating revenue of CNY 276.8 million and net profit of CNY 11.12 million.