Qianhai Hengze Glory (Shenzhen) Fund Management Co., Ltd. signed a share purchase agreement to acquire 6.3% stake in Mahatma Xinjiang Energy Co., Ltd. from Shenwu Environmental Technology Co., Ltd. (SZSE:300156) for CNY 450 million on January 29, 2016. As of September 30, 2015, Mahatma Xinjiang Energy had total assets of CNY 10.8 billion and net assets of CNY 2.8 billion and from January to September, 2015, it had revenue of CNY 911.5 million, operating loss of CNY 557.9 and net loss of CNY 557.9 million. The transaction was approved by Board of Shenwu Environmental Technology on January 29, 2016 and is subject to it's shareholders’ approval. The transaction has been approved by the shareholders of Shenwu Environmental Technology Co. on February 17, 2016. Qianhai Hengze Glory (Shenzhen) Fund Management Co., Ltd. cancelled the acquisition of 6.3% stake in Mahatma Xinjiang Energy Co., Ltd. from Shenwu Environmental Technology Co., Ltd. (SZSE:300156) on January 29, 2017.