Yantai Changyu Pioneer Wine Company Limited (SZSE:200869) signed a share transfer agreement to acquire 15% stake of Kilikanoon Estate Pty Ltd from Warrick James Duthy, Woodvale Vintners Pty Ltd and PTO7 Pty Ltd for AUD 3.9 million on August 26, 2020. Each Warrick James Duthy, Woodvale Vintners Pty Ltd and PTO7 Pty Ltd holds 15% stake in Kilikanoon. Warrick James will sell 6.5% stake, Woodvale Vintners Pty Ltd will sell 2% stake and PTO7 Pty Ltd will sell 6.5% stake in Kilikanoon. For the year ended December 31, 2019, Kilikanoon Estate reported Revenue of AUD 11.54 million, Net Profit for AUD 0.09 million, Net Assets of AUD 17.12 million, Total Assets of AUD 31.96 million, EBIT of AUD 0.37 million. The transaction has been approved by board by directors of Yantai Changyu.