Heyu Biological Technology Corporation (OTCPK:HYBT) entered into a non-binding memorandum of cooperation to acquire 51% stake in Luoyang Ditiantai Agricultural Development Co., Ltd. on October 18, 2018. The closing of the Acquisition is subject to customary terms and conditions, including, but not limited to, completion of due diligence, negotiation and execution of definitive transaction documents between the parties and the delivery of audited and unaudited financial statements of Luoyang Ditiantai as required under applicable rules of the Securities and Exchange Commission. In addition, completion of the transaction is subject to approval by HYBT Board of Directors. Heyu Biological Technology Corporation (OTCPK:HYBT) cancelled the acquisition of 51% stake in Luoyang Ditiantai Agricultural Development Co., Ltd. on October 18, 2019.