Shaanxi Northwest New Technology Industry Company Limited (SEHK:8258) acquired 5.12% stake in TTM GROUP for HKD 19.8 million on December 27, 2017. As per the terms of consideration, Shaanxi Northwest New Technology Industry Company Limited will issue 66 million H shares of Shaanxi Northwest New Technology Industry Company Limited. For the year ended December 31, 2016, TTM GROUP reported net profit before tax of HKD 21.8 million, net profit after tax of HKD 18 million. The transaction is subject to approval from China Securities Regulatory Commission for the issue of the consideration shares, and the approval of the listing committee of the stock exchange. The transaction shall take place on the third business day following the satisfaction or waiver of the conditions precedent in agreement. Shaanxi Northwest New Technology Industry Company Limited (SEHK:8258) cancelled the acquisition of 5.12% stake in TTM GROUP on December 27, 2018.