Shenzhen Guangju Energy Co., Ltd. (SZSE:000096) signed the Share Transfer Agreement to acquire 40% stake in Shenzhen Guangju Yida Hazardous Chemicals Storage Co., Ltd. from Shenzhen Hengchuan Investment Holding Co., Ltd. for CNY 15 million on May 17, 2024. The consideration consists of CNY 15 million in cash. As part of the consideration, CNY 15 million was paid towards common equity.

Prior to the transaction, Shenzhen Guangju Energy Co., Ltd. (SZSE:000096) held 60%.