Cheung Wo International Holdings Limited (SEHK:9) entered into a memorandum of understanding to acquire 7.04% stake in Tianjin Equity Exchange Enterprise Limited from Fujian Qianhui Equity Investment Centre Limited Partnership for CNY 22.5 million on January 4, 2016. Agreement for the transaction shall be entered on or before March 31, 2016. The transaction is subject to due diligence review and definitive agreement. Cheung Wo International Holdings Limited (SEHK:9) cancelled the acquisition of 7.04% stake in Tianjin Equity Exchange Enterprise Limited from Fujian Qianhui Equity Investment Centre Limited Partnership on January 4, 2017.