Tianjin Tianbao Infrastructure Co., Ltd. (SZSE:000965) won the bid to acquire 0.87% stake in Bohai Securities Co., Ltd. from Tianjin Global Magnetic Card Group Co., Ltd. for approximately CNY 120 million on January 19, 2016. Tianjin Tianbao Infrastructure will acquire 34.9 million shares of Bohai Securities. Bohai Securities reported total assets of CNY 43.45 billion and net assets of CNY 7.4 billion as at October 30, 2015. Tianjin Tianbao Infrastructure Co., Ltd. (SZSE:000965) cancelled the acquisition of 0.87% stake in Bohai Securities Co., Ltd. from Tianjin Global Magnetic Card Group Co., Ltd. on January 19, 2017.