Kelin Environmental Protection Equipment, Inc. (SZSE:002499) agreed to acquire 51% stake in Jiangsu Boen Environmental Engineering Complete Equipment Co., Ltd. from Taizhou Hengsheng Equity Investment Management Partnership (Limited Partnership) and an unknown seller for approximately CNY 310 million on April 1, 2018. A 36% held by Taizhou Hengsheng Equity Investment Management Partnership (Limited Partnership) will be purchased for CNY 216 million. A 15% stake held by the unknown seller will be purchased for CNY 90 million. Total transactional price will be CNY 306 million. For the year ending December 31, 2017, Jiangsu Boen Environmental Engineering Complete Equipment Co., Ltd. reported operational profit of CNY 12.9 million and net profit of CNY 9.3 million. As of December 31, 2017, Jiangsu Boen Environmental Engineering Complete Equipment Co., Ltd. reported total assets of CNY 113.6 million and net assets of CNY 21.5 million. The transaction was approved by the 7th meeting of the 4th directorate of Kelin Environmental Protection Equipment, Inc. on April 16, 2018. As of May 3, 2018, the shareholders meeting of Kelin Environmental Protection Equipment have approved the transaction. Kelin Environmental Protection Equipment, Inc. (SZSE:002499) completed the acquisition of 51% stake in Jiangsu Boen Environmental Engineering Complete Equipment Co., Ltd. from Taizhou Hengsheng Equity Investment Management Partnership (Limited Partnership) and an unknown seller on June 6, 2018.