Yang Junmin agreed to acquire an additional 7.13% stake in Yantai Shuangta Food Co., Ltd (SZSE:002481) from Shihezi Jindu Investment Limited Partnership Enterprise for approximately CNY 580 million on June 24, 2016. Yang Junmin will acquire 90 million shares of Yantai Shuangta Food at an offer per share of CNY 6.44. After the transaction, Shihezi Jindu Investment Limited Partnership Enterprise will retain 1.99% stake and Yang Junmin will hold 10.9% stake in Yantai Shuangta Food Co. up up from 3.79% stake.