Beijing Capital Co.,Ltd (SHSE:600008) agreed to acquire 19.03% stake in Zhejiang Kaichuang Environmental Protection Co., Ltd. for CNY 27.6 million on January 11, 2016. Beijing Capital acquired 12.5 million shares of Zhejiang Kaichuang. Zhejiang Kaichuang had total assets of CNY 88.69 million, net assets of CNY 38.86 million, revenue of CNY 22.68 million and net profit of CNY 1.29 million for the year ended March 31, 2015. The transaction was approved by the Board of Directors of Beijing Capital Co.,Ltd. Beijing Capital Co.,Ltd (SHSE:600008) cancelled the acquisition of 19.03% stake in Zhejiang Kaichuang Environmental Protection Co., Ltd. on January 11, 2017.