Changchun Borui Feed Group Co., Ltd. agreed to acquire 46% stake in Inner Mongolia Grassland Tech-bank Feed Co., Ltd. from Ningbo Tech-bank Co., Ltd. (SZSE:002124) for CNY 45.5 million in cash on January 6, 2016. As of November 30, 2015, Inner Mongolia Grassland Tech-bank Feed reported total assets of CNY 82.27 million and shareholders’ equity attributable to parent company of CNY 25.27 million. As of December 31, 2014, Inner Mongolia Grassland Tech-bank Feed reported total assets of CNY 59.75 million, shareholders’ equity attributable to parent company of CNY 16.11 million, operating revenues of CNY 141.17 million, operating profit of CNY 3.32 million and net profit attributable to shareholders of parent company of CNY 2.81 million. The deal is subject to approval by the shareholders of Ningbo Tech-bank. The deal was unanimously approved by the Board of Ningbo Tech-bank on January 6, 2016. Changchun Borui Feed Group Co., Ltd. cancelled the acquisition to acquire 46% stake in Inner Mongolia Grassland Tech-bank Feed Co., Ltd. from Ningbo Tech-bank Co., Ltd. (SZSE:002124) on January 6, 2017.