Nanjing Red Sun Co.,Ltd. (SZSE:000525) agreed to acquire 26.67% stake in Ruralco Soluciones Sa from Fernando Diego Gimbatti, Fernando José Filgueira, Jorge Alberto Cripovich, Enrique José Mezzadra and DionisioHéctor Reixac for $8 million on February 2, 2018. Concurrently, Nanjing Red Sun will contribute $15 million in kind to Ruralco as a capital increase to acquire 33.33% stake in Ruralco. Upon completion of the acquisitions in two phases, Red Sun will hold 60% of the shares in Ruralco. Nanjing Red Sun will pay the consideration of $8 million using own funds. Nanjing Red Sun Co.,Ltd. (SZSE:000525) completed the acquisition of 26.67% stake in Ruralco Soluciones Sa from Fernando Diego Gimbatti, Fernando José Filgueira, Jorge Alberto Cripovich, Enrique José Mezzadra and DionisioHéctor Reixac on January 29, 2019. The transaction was approved by the Board of Directors of Nanjing Red Sun. The transaction has been approved and filed by the Jiangsu Provincial Department of Commerce and the Nanjing Development and Reform Commission.