CHTC Helon Co., Ltd. (SZSE:000677) made an offer to acquire Hangzhou Miaoju Network Technology Co., Ltd. from Wuhu Yishanrong Management Advisory Partnership (Limited Partnership) and Changzhou Jingjiang Meizhi Investment Center (Limited Partnership) for CNY 2.4 billion on January 12, 2016. The consideration shall be payable in cash and stock. Under the terms of the deal, CHTC Helon Co. will issue 334.9 million shares and pay cash of CNY 387.9 million as consideration for the transaction. In a related transaction, CHTC Helon Co., Ltd. made an offer to acquire Shanghai Lingyu Network for CNY 1.6 billion in cash and stock on January 12, 2016. CHTC Helon will raise CNY 1.08 billion through private placement to fund the cash portion of the transaction. As of September, 2015, Hangzhou Miaoju Network Technology had total assets of CNY 256.29 million, total liabilities of CNY 79.45 million and owner’s equity of CNY 176.83 million. The transaction requires the approval from the stockholders of CHTC Helon Co. and the China Securities Regulatory Commission. On January 12, 2016, the transaction was approved by Board of Directors of CHTC Helon Co. Southwest Securities Co., Ltd. acted as financial advisor for CHTC Helon Co. CHTC Helon Co., Ltd. (SZSE:000677) cancelled the acquisition of Hangzhou Miaoju Network Technology Co., Ltd. from Wuhu Yishanrong Management Advisory Partnership (Limited Partnership) and Changzhou Jingjiang Meizhi Investment Center (Limited Partnership) on January 12, 2017.