Chengdu Huaqi Houpu Holding Co.,Ltd. (SZSE:300471) agreed to acquire the remaining 14.72% stake in Sichuan Hongda Petroleum & Natural Gas Co., Ltd. for CNY 8.1 million on January 3, 2017. Under the terms, Chengdu Huaqi Houpu Holding Co.,Ltd. will acquire 9.32% and 5.4% stake from two unknown sellers respectively and after completion of the transaction, will hold 100% stake in Sichuan Hongda Petroleum & Natural Gas Co., Ltd.