Zhuzhou City State-owned Assets Investment Holding Group Co., Ltd. agreed to acquire an additional 7.3% stake in Dongguan Eontec Co., Ltd. (SZSE:300328) from Yee On Industrial Co., Ltd. for approximately CNY 490 million on September 2, 2019. Zhuzhou City State-owned Assets Investment Holding Group Co., Ltd. will acquire 33.75 million shares at CNY 14.4 per share. The payment will be made in cash. Zhuzhou City State-owned Assets Investment Holding Group Co., Ltd. currently owns 20.64% stake in Dongguan Eontec Co., Ltd and post completion of the transaction will hold 27.97% stake. Yee On Industrial Co., Ltd. currently holds 29.33% stake in Dongguan Eontec Co., Ltd. and post completion of the transaction will hold 22% stake. The present transfer has already been approved by the Zhuzhou City State-owned Assets Investment Holding Group Co., Ltd.