Zhejiang Weixing New Building Materials Co., Ltd. (SZSE:002372) signed a transfer agreement to acquire 60% stake in Zhejiang Kerui Building Technology Co., Ltd. from Huang Xiaodong and Pei Guoping for CNY 80.8 million on September 9, 2023. As of June 30, 2023, Zhejiang Kerui Building Technology Co., Ltd reported total assets of CNY 180 million and net assets of CNY 27.6 million. Zhejiang Weixing New Building Materials Co., Ltd intends to use it's own funds to fund this acquisition.