Shanghai Jingci Investment Management Co., Ltd. agreed to acquire an additional 15% stake in Shandong Hongda Mining Co.,Ltd. (SHSE:600532) from Liang Xiuhong for CNY 1.9 billion on January 11, 2017. Under the terms of the transaction, Shanghai Jingci Investment Management Co., Ltd. acquired 77.4 million shares of Shandong Hongda Mining Co.,Ltd for CNY 25 each. After completion of the transaction, Shanghai Jingci Investment Management Co., Ltd holds 23.42% stake in Shandong Hongda Mining Co.,Ltd.