Hangzhou Zhongheng Electric Co.,Ltd. (SZSE:002364) agreed to acquire 60% stake in Suzhou Purui Intelligent Integrated Service Co., Ltd. for CNY 60 million on January 30, 2015. The consideration will be paid in cash and Hangzhou Zhongheng Electric will transfer 100% stake in its electrical technology company.

Hangzhou Zhongheng Electric Co.,Ltd. (SZSE:002364) cancelled the acquisition of 60% stake in Suzhou Purui Intelligent Integrated Service Co., Ltd. on January 30, 2016.