Chen Yueqing signed an agreement to acquire 5.17% stake in Fujian Superpipe Co., Ltd. (SZSE:300198) from Zhang Xiaoying for CNY 300 million on January 10, 2018. Under the terms of the transaction, Zhang Xiaoying will transfer 53.33 million shares at CNY 5.6 per share. Chen Yueqing completed the acquisition of 5.17% stake in Fujian Superpipe Co., Ltd. (SZSE:300198) from Zhang Xiaoying on January 15, 2018. Upon completion, Chen Yueqing holds 5.17% stake and Zhang Xiaoying's stake reduced to 9.2% from 14.4% in Fujian Superpipe Co., Ltd.