Anrui Technology Venture Capital Company Limited agreed to acquire Zong Hong Packing Products (Dongguan) Co., Ltd from CMC Magnetics Corporation (TSEC:2323) for CNY 96 million on December 18, 2019. The consideration will be paid in cash. The transaction is approved the board of CMC Magnetics Corporation. Lin and Chun Ting of Chinyuan Certified Public Accountant issued fairness opinion on the transaction price. Anrui Technology Venture Capital Company Limited cancelled the acquisition of Zong Hong Packing Products (Dongguan) Co., Ltd from CMC Magnetics Corporation (TSEC:2323) on December 18, 2020.