Dongxu Optoelectronic Technology Co., Ltd. (SZSE:200413) agreed to acquire 38.7% stake in Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd. from Shijiazhuang Baoshi Electronic Group Co., Ltd. on December 23, 2014. In a related transaction, Dongxu Optoelectronic Technology is also acquiring stake in Zhengzhou Xufei Optoelectronic Technology Co., Ltd. Dongxu Optoelectronic Technology is also planning to raise funds through private placement of CNY 8 billion. A conditional equity transfer agreement was signed on January 27, 2015. Shijiazhuang Xuxin Optoelectronic reported total assets of CNY 3.15 billion, total common equity of CNY 1.93 billion, revenues of CNY 64.3 million and net loss of CNY 1.15 million for the year ended December 31, 2014.

The transaction is subject to approval by Shijiazhuang State-owned Assets Supervision and Administration Commission and Shijiazhuang Municipal Bureau of Finance and is subject to shareholders' approval. As of December 23, 2014, the transaction was approved by Shijiazhuang Xuxin Optoelectronic Technology's shareholders. The transaction has been approved by Board of Dongxu Optoelectronic Technology.

Dongxu Optoelectronic Technology Co., Ltd. (SZSE:200413) completed the acquisition of 38.7% stake in Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd. from Shijiazhuang Baoshi Electronic Group Co., Ltd. on January 6, 2016.