Kaidi Ecological and Environmental Technology Co., Ltd. (SZSE:000939) agreed to acquire Hongya Kaidi Green Energy Development Co., Ltd. and Songtao Kaidi Green Energy Development Co., Ltd. from Yangpu Changjiang Investment Co., Ltd. for approximately CNY 120 million on June 15, 2017. For the year ended December 31, 2016, Hongya Kaidi Green Energy Development Co., Ltd. reported total assets of CNY 376.9 million and net assets of CNY 81 million while Songtao Kaidi Green Energy Development Co., Ltd. reported total assets of CNY 414.4 million and net assets of CNY 56.7 million. The Board of Directors of Kaidi Ecological and Environmental Technology Co., Ltd. approved the deal. Kaidi Ecological and Environmental Technology Co., Ltd. (SZSE:000939) cancelled the acquisition of Hongya Kaidi Green Energy Development Co., Ltd. and Songtao Kaidi Green Energy Development Co., Ltd. from Yangpu Changjiang Investment Co., Ltd. on June 15, 2018.