Changsheng Bio-Technology Co., Ltd. (SZSE:002680) signed an agreement to acquire an additional 33.72% stake in Wuxi Sinosbio Biomedicine Science and Technology Co., Ltd. from Changchun Changsheng Life Sciences Limited for CNY 42.2 million in cash on April 19, 2016. Changsheng Bio-Technology will use own funds to pay the consideration. After the stake transfer, Changsheng Bio-Technology will hold 53.72% stake in Wuxi Sinosbio Biomedicine Science and Technology. The deal was unanimously approved by the Board of Changsheng Bio-Technology and does not need to be submitted for review in the shareholders’ meeting. Changsheng Bio-Technology Co., Ltd. (SZSE:002680) cancelled the acquisition of an additional 33.72% stake in Wuxi Sinosbio Biomedicine Science and Technology Co., Ltd. from Changchun Changsheng Life Sciences Limited on April 19, 2017.