Huizhou China Eagle Electronic Technology Inc. (SZSE:002579) agreed to acquire Huizhou Yincheng R&F Industrial Co from Huizhou Jinggang Investment Development and Li Xingguang along with Liang Baoshan for CNY 110 million on June 22, 2022. Huizhou Jinggang Investment Development Co., Ltd. holds 40.74%; Li Xingguang holds 44.44%; Liang Baoshan holds 14.81% stake in target. as of May 31, 2022, total assets were CNY 2.47 million, and total common equity were CNY 2.47 million and the net profit is CNY 0.00749 million. The transaction has already received it's approval from acquirer's board of directors.