ZYNP Corporation (SZSE:002448) agreed to acquire 9.9% in Beijing Aerospace Hexing Technology Co., Ltd. from Gongqingcheng Runhang Investment Partnership Enterprise (Limited Partnership) for CNY 52.8 million on March 19, 2020. The shares will be acquired at CNY 24 per share in cash. In a related transaction, ZYNP Corporation announced a capital increase of CNY 50.6 million in Beijing Aerospace Hexing Technology Co., Ltd. Post completion of both the transactions, ZYNP Corporation will hold 19.8% of the new capital of Beijing Aerospace Hexing Technology Co., Ltd. For the year ended December 31, 2019, Beijing Aerospace Hexing Technology Co., Ltd. reported total assets of CNY 180.2 million, net assets of CNY 61.9 million, revenues of CNY 126.5 million and net profit of CNY 30.5 million. On March 19, 2020, the Board of Directors of ZYNP Corporation approved the transaction. The transaction does not require approval from shareholders. ZYNP Corporation (SZSE:002448) cancelled the acquisition of 9.9% in Beijing Aerospace Hexing Technology Co., Ltd. from Gongqingcheng Runhang Investment Partnership Enterprise (Limited Partnership) on March 19, 2021.