Dalian Hairunlai Group acquired a controlling stake in CHEOUM & C Co., Ltd. (KOSDAQ:A111820) on August 31, 2016. In a related transaction, Dalian entered into a share placement agreement with Beston Global Food Company Limited. Dalian Hairunlai Group completed the acquisition of a controlling stake in CHEOUM & C Co., Ltd. (KOSDAQ:A111820) on August 31, 2016.