Beijing Great Wall Weiye Investment Development Co., Ltd. agreed to acquire Beijing Yanqi Chuo Kagaku Co., Ltd from Chuo Kagaku Co., Ltd. (JASDAQ:7895) on November 22, 2017. The contract will be concluded in February 2018. As per the announcement May 5, 2018, conclusion of transfer agreement has been changed to June 2018. Under the terms, Beijing Great Wall Weiye Investment Development Co., Ltd. will forgive the debt to Beijing Chuo Kagaku. As of March 31, 2017, Beijing Yanqi Chuo Kagaku Co., Ltd reported net liabilities of CNY 44.7 million, total assets of CNY 44.6 million, sales of CNY 60.9 million, operating loss of CNY 8.1 million and net loss of CNY 9.8 million. The transaction is resolved by the Board of Directors of Chuo Kagaku Co., Ltd. The transaction is expected to close in March 2018. As per the announcement May 5, 2018, the transaction has been delayed and now it is expected to be completed by September 2018. Beijing Great Wall Weiye Investment Development Co., Ltd. cancelled the acquisition of Beijing Yanqi Chuo Kagaku Co., Ltd from Chuo Kagaku Co., Ltd. (JASDAQ:7895) on November 22, 2018.