Kailuan Energy Chemical Co.,Ltd. (SHSE:600997) signed an equity transfer agreement to acquire Inner Mongolia Kailuan Investment Co., Ltd. from Kailuan (Group) Limited Liability Corporation for CNY 3.5 billion on November 20, 2018. Inner Mongolia Kailuan reported net assets of CNY 3.24 billion, total assets of CNY 4.57 billion, sales of CNY 711 million and net profit of CNY 142.74 million as of December 31, 2017. The fourth meeting of the sixth directorate of Kailuan Energy Chemical approved the deal on the same date. Kailuan Energy Chemical Co.,Ltd. (SHSE:600997) cancelled the acquisition of Inner Mongolia Kailuan Investment Co., Ltd. from Kailuan (Group) Limited Liability Corporation on January 14, 2019. The termination was approved by the 6th directorate in its 5th meeting of Kailuan Energy Chemical Co.,Ltd.