Zhejiang Chint Electrics Co., Ltd. (SHSE:601877) agreed to acquire 10% stake in Grabat Energy for €18 million on January 28, 2016. Zhejiang Chint Electrics plans to gain one seat in the Board of Directors of Grabat Energy. Zhejiang Chint Electrics Co., Ltd. (SHSE:601877) cancelled the acquisition of Grabat Energy S.L. on January 28, 2017.