Jiangsu Dewei Advanced Materials Co., Ltd. (SZSE:300325) agreed to acquire Nantong Zhengsheng Chemical Technology Co., Ltd. from Dewei Investment Group Co., Ltd. for CNY 41.1 million on August 24, 2017. Nantong Zhengsheng Chemical Technology Co., Ltd. reported total assets of CNY 30.01 million, net assets of CNY 26.23 million, revenues of CNY 0 million, operating loss of CNY 1.41 million and net loss of CNY 1.42 million in 2016. The transaction is subject to approval of shareholders' of Jiangsu Dewei Advanced Materials Co., Ltd. The Board of Directors of Jiangsu Dewei Advanced Materials Co., Ltd. approved the transaction. Jiangsu Dewei Advanced Materials Co., Ltd. (SZSE:300325) cancelled the acquisition of Nantong Zhengsheng Chemical Technology Co., Ltd. from Dewei Investment Group Co., Ltd. on August 24, 2018.