Zhejiang Jingxing Paper Joint Stock Co., Ltd. (SZSE:002067) signed an agreement to acquire Greenovation Industries (M) Sdn. Bhd. from Teng Kim Chuan and Mazlan Bin Harun for MYR 1 on January 11, 2019. Upon completion, Greenovation Industries (M) Sdn. Bhd. will operate as wholly owned subsidiary of Zhejiang Jingxing Paper Joint Stock Co., Ltd. In a related deal, Zhejiang Jingxing Paper Joint Stock Co., Ltd. will carry out a capital increase in Greenovation Industries (M) Sdn. Bhd. The transaction is subject to approval from the corresponding development and reform commission, commercial department, and foreign exchange administration. the transaction was approved by the Board of Zhejiang Jingxing Paper Joint Stock Co., Ltd. Zhejiang Jingxing Paper Joint Stock Co., Ltd. (SZSE:002067) cancelled the acquisition of Greenovation Industries (M) Sdn. Bhd. from Teng Kim Chuan and Mazlan Bin Harun on January 11, 2020.