Changchai Co. Ltd. (SZSE:000570) agreed to acquire 67% stake in Changzhou Fuji Changchai Robin Gasoline Engine Co., Ltd. from Fuji Heavy Industries Ltd. (TSE:7270) for CNY 26.3 million on August 26, 2016. Changchai Co. Ltd. (SZSE:000570) concluded a contract to acquire 67% stake in Changzhou Fuji Changchai Robin Gasoline Engine Co., Ltd. from Fuji Heavy Industries Ltd. (TSE:7270) on November 2, 2016. Under the term Fuji Heavy Industries Ltd. (TSE:7270) will transfer its 67% holding in Changzhou Fuji Changchai Robin Gasoline Engine Co., Ltd. to its Chinese joint venture partner Changchai Co. Ltd. and has agreed to transfer to Changzhou Fuji Changchai Robin Gasoline Engine Co., Ltd. technology relating to products including some general-purpose engines being produced by Changzhou Fuji Changchai Robin Gasoline Engine Co., Ltd. The transaction was approved by the board of directors of Changchai Co. Ltd. as of August 26, 2016 and is not subject to its shareholders' approval. Changzhou Fuji Changchai Robin Gasoline Engine reported total assets of CNY 81.7 million, shareholders'' equity of CNY 62.94 million, revenue of CNY 139.15 million, and net profit of CNY 2.14 million for the year ended December 31, 2015.

Changchai Co. Ltd. (SZSE:000570) completed the acquisition of 67% stake in Changzhou Fuji Changchai Robin Gasoline Engine Co., Ltd. from Fuji Heavy Industries Ltd. (TSE:7270) on January 20, 2017.