Victory Oilfield Chang’an Holdings Group Co., Ltd. won the bid to acquire Baomo (Beijing) Environmental Technology Co., Ltd. from Shandong Polymer Biochemicals Co., Ltd. (SZSE:002476) for approximately CNY 120 million on December 29, 2017. Victory Oilfield Chang’an Holdings Group Co., Ltd. plans to sign an agreement with Shandong Polymer Biochemicals Co., Ltd.