Euro Asia Premier Real Estate Company Limited (BAYB:JT9) intended to acquire Yanxi Industrial Shanghai Company Ltd. for €2.5 million on June 2, 2016. Under the terms of the transaction, Euro Asia Premier Real Estate Company Limited will issue 1.26 million new shares of Euro Asia. For the year which ended 31 December, 2015, Yanxi Industrial Shanghai Company Ltd. reported an audited revenue in excess of €380 million. The transaction is scheduled to close no later than July 5, 2016. The closing date is now set to close no later than July 8, 2016. Frank Schwarz of Schwarz Financial Communication acted as the public relations advisor in the transaction. Euro Asia Premier Real Estate Company Limited (BAYB:JT9) completed the acquisition of Yanxi Industrial Shanghai Company Ltd. on July 8, 2016. Euro Asia Premier Real Estate Company Limited (BAYB:JT9) cancelled the acquisition of Yanxi Industrial Shanghai Company Ltd. on December 8, 2016. The transaction has been annulled indefinitely due to Yangxi's inability to form a Sino-Foreign Joint Venture so far. Due to the cessation of this acquisition, the purchase price of Yanxi, 1.26 million shares of Euro Asia, will not be issued.