Chengdu Techcent Environment Co.,Ltd (SZSE:300362) agreed to acquire Chengdu Zhongde Tianxiang Investment Co., Ltd. from Zhongtai Chuangzhan (Shanghai) Investment Partnership Enterprise (Limited Partnership, Chengdu Qinhua Technology Co., Ltd. Chengdu Xingrun Taixiang Enterprise Management Center (Limited Partnership) and others for CNY 1.7 billion on July 4, 2016. Chengdu Techcent Environment Co.,Ltd (SZSE:300362) signed an agreement with Chengdu Zhongde Tianxiang Investment Co., Ltd. from Zhongtai Chuangzhan (Shanghai) Investment Partnership Enterprise (Limited Partnership, Chengdu Qinhua Technology Co., Ltd. Chengdu Xingrun Taixiang Enterprise Management Center (Limited Partnership) and others on July 8, 2016. The acquisition of Zhongde Tianxiang will be made by Chengdu Techcent Environment by issuing 42.5 million shares. Zhongtai Chuangzhan (Shanghai) Investment Partnership Enterprise (Limited Partnership) will be issued 20.5 million shares, Chengdu Qinhua Technology Co., Ltd. will be issued 8.7 million shares, Chengdu Xingrun Taixiang Enterprise Management Center (Limited Partnership) will be issued 5 million shares, Zhongxun Jiantong (Beijing) Holding Co., Ltd. will be issued 3.2 million shares, Shenzhen Shenshang Xingye Venture Capital Fund Partnership Enterprise (Limited Partnership) will be issued 2.5 million shares and Shenzhen Sihai Huizhi Venture Capital Enterprise (Limited Partnership) will be issued 2.5 million shares. Under the revised terms of the deal Chengdu Techcent Environment Co., Ltd. will now issue approximately 125 million shares and for a price of CNY 13.51. On July 6, 2017, the terms of the transaction was further revised and Chengdu Techcent Environment Co.,Ltd will now issue 126.39 million shares. On July 13, 2018, the terms of the transaction was further revised and Chengdu Techcent Environment Co.,Ltd will now issue 126.58 million shares for a price of CNY 13.43 per share. Chengdu Techcent Environment will also issue shares to not more than 5 designated investors to raise supporting funds of not more than CNY 423 million. The transaction is still subject to conditions including a secondary approval from Chengdu Techcent Environment’s directorate after filing, audit, and assessment work on related assets have been completed, approval from Chengdu Techcent Environment's shareholders and approval from China Securities Regulatory Commission. The transaction has already been approved by .S. Federal Trade Commission and Department of Justice under Hart-Scott-Rodino Act and Sichuan Provincial Department of Commerce. The transaction has already completed registration with State Administration of Foreign Exchange Sichuan Branch. Chengdu Qinhua Technology Co., Ltd. held a shareholders’ meeting and approved the transfer on July 4, 2016. Zhongxun Jiantong (Beijing) Holding Co., Ltd. held a shareholders’ meeting and approved the transfer on July 6, 2016. Zhongtai Chuangzhan (Shanghai) Investment Partnership Enterprise (Limited Partnership) held a partners’ meeting and approved the transfer on July 4, 2016. Chengdu Xingrun Taixiang Enterprise Management Center (Limited Partnership) held a partners’ meeting and approved the transfer on July 4, 2016. Shenzhen Sihai Huizhi Venture Capital Enterprise (Limited Partnership) held a partners’ meeting and approved the transfer on July 4, 2016. Shenzhen Shenshang Xingye Venture Capital Fund Partnership Enterprise (Limited Partnership) held a partners’ meeting and approved the transfer on July 6, 2016. On July 8, 2016, Chengdu Techcent Environment Board of Directors approved the transaction. As of November 29, 2016 Board of Chengdu Techcent Environment Co., Ltd. approved the transaction in the 46th extraordinary meeting of the 3rd directorate. On December 15, 2016, the transaction is approved by the shareholders of Chengdu Techcent Environment Co.,Ltd. On January 4, 2017, Chengdu Techcent Environment Co.,Ltd. received a letter from the audit committee of the China Securities Regulatory Commission stating that the application of Chengdu Techcent Environment Co.,Ltd. issuance of A shares in exchange of assets has been revised and approved on January 4, 2018 by their meeting of the M&A commission. Northeast Securities Co., Ltd. (SZSE:000686) acted as financial advisor, King & Wood Mallesons, China acted as legal advisor, Ernst & Young Hua Ming LLP and ShineWing Certified Public Accountants Co., Ltd. acted as an accountant for Chengdu Techcent Environment Co., Ltd. in the transaction. Chengdu Techcent Environment Co.,Ltd (SZSE:300362) cancelled the acquisition of Chengdu Zhongde Tianxiang Investment Co., Ltd. from Zhongtai Chuangzhan (Shanghai) Investment Partnership Enterprise (Limited Partnership, Chengdu Qinhua Technology Co., Ltd. Chengdu Xingrun Taixiang Enterprise Management Center (Limited Partnership) and others on January 13, 2019.