China Security & Fire Co., Ltd (SHSE:600654) agreed to acquire Securecorp Pty Ltd and two properties from eWitness Nominees Pty Ltd and Securecorp Australia Pty Ltd for approximately AUD 160 million on March 18, 2016. In related transaction, China Security & Fire agreed to acquire Impact Success Limited and United Premier International Limited from Guardforce Holdings (Thailand) Ltd. The transaction will be financed from a private placement of proceeds of up to CNY 5.024 billion (AUD 1.019 billion). Currency conversion has been done using www.oanda.com as on March 18, 2016. As on June 14, 2016, the equity transfer registration document was obtained. China Security & Fire Co., Ltd (SHSE:600654) completed the acquisition of Securecorp Pty Ltd and two properties from eWitness Nominees Pty Ltd and Securecorp Australia Pty Ltd on June 17, 2016.