National Machine Capital Holdings Limited entered into agreement to acquire 0.80% stake in Zhuzhou CRRC Times Electric Co., Ltd. (SEHK:3898) from CRRC Changzhou Qishuyan Locomotive & Rolling Stock Works on December 20, 2016. Post transaction CRRC Changzhou Qishuyan Locomotive & Rolling Stock Works will cease to be interested in shareholding of Zhuzhou CRRC Times Electric Co., Ltd. (SEHK:3898). The transaction is subject to approval of State-owned Assets Bureau and other conditions. As of December 28, 2017 all conditions including approval of State-owned Assets Bureau have been fulfilled. National Machine Capital Holdings Limited completed acquisition of 0.80% stake in Zhuzhou CRRC Times Electric Co., Ltd. (SEHK:3898) from CRRC Changzhou Qishuyan Locomotive & Rolling Stock Works on January 13, 2017.