Kelin Environmental Protection Equipment, Inc. (SZSE:002499) agreed to acquire Gu County Jiasheng Energy Co., Ltd. from China Silian New Energy Co., Ltd. and Guo Taiping for approximately CNY 270 million on January 3, 2017. Under the terms, China Silian New Energy Co., Ltd. will sell 75% stake while Guo Taiping will sell 25% stake. Under the consideration terms, Kelin Environmental Protection Equipment, Inc. will repay China Silian New Energy Co., Ltd. for Gu County Jiasheng Energy Co., Ltd.’s photovoltaic power generation project debt. An acquisition cooperation agreement is also expected to be signed. The deal requires approval from shareholders of Kelin Environmental Protection Equipment, Inc. The deal is approved by the Board of Directors of Kelin Environmental Protection Equipment, Inc. The deal is approved by the shareholders of Kelin Environmental Protection Equipment, Inc. on January 19, 2017.