Zhejiang Tiantie Industry Co., Ltd. (SZSE:300587) agreed to acquire 21.74% stake in Tibet Zhongxin Investment Co., Ltd. from Jia Lixin for CNY 150 million on April 13, 2022. Tibet Zhongxin planned to change the Tibet Zhongxin's registered address and revise the terms of its Articles of Association accordingly. As on April 13, 2022, Zhejiang Tiantie's board of directors approved the deal. As on April 29, 2022, Zhejiang Tiantie's shareholders approved the transaction.

Zhejiang Tiantie Industry Co., Ltd. (SZSE:300587) completed the acquisition of 21.74% stake in Tibet Zhongxin Investment Co., Ltd. from Jia Lixin in June, 2022.