Bohai Water Industry Co.,Ltd (SZSE:000605) agreed to acquire China Investment (Tianjin) Intelligent Pipeline Co., Ltd. from group of sellers for approximately CNY 440 million on January 22, 2020. As of June 30, 2019, China Investment (Tianjin) Intelligent Pipeline reported total assets of CNY 406.8 million and owners' equity of CNY 210.2 million. On January 22, 2020, the transaction was approved by the 22nd session of the company’s 6th directorate of Bohai Water Industry. Bohai Water Industry Co.,Ltd (SZSE:000605) cancelled the acquisition of China Investment (Tianjin) Intelligent Pipeline Co., Ltd. from group of sellers on January 21, 2021.