Youngor Group Co., Ltd. (SHSE:600177) agreed to acquire 4.8% stake in PetroChina Northwest United Pipelines Co., Ltd. from Beijing Guolian Energy Industry Investment Fund (Limited Partnership), a fund of Guolian Capital Company Limited on December 23, 2015. PetroChina Northwest United Pipelines Co., Ltd reported total assets of CNY 69.4 billion, shareholders' equity of CNY 63 billion, operating income of CNY 658 million and net profit of CNY 408 million in 2014. The Board of Youngor Group Co., Ltd unanimously approved the transaction.