Jiangsu Holly Corporation (SHSE:600128) agreed to acquire 30% stake in Jiangsu Chemical Fertilizer Co., Ltd. from Jiangsu SOHO Holdings Group Co., Ltd. for approximately CNY 110 million on September 29, 2015. The transaction is subject to approval of the shareholders of Jiangsu Holly. The Board of Directors of Jiangsu Holly Corporation approved the transaction on September 29, 2015. As of October 19, 2015, the shareholder of Jiangsu Holly approved the transaction.

Jiangsu Holly Corporation (SHSE:600128) completed the acquisition of 30% stake in Jiangsu Chemical Fertilizer Co., Ltd. from Jiangsu SOHO Holdings Group Co., Ltd. on January 14, 2016.