BBMG Corporation (SEHK:2009) signed an agreement to acquire 40% stake in Tangshan Hailuo Moulding Material Co., Ltd from Tangshan Jidong Cement Co.,Ltd. (SZSE:000401) for approximately CNY 200 million on December 30, 2016. BBMG Corporation won the bid to acquire the stake. After completion of the transaction, Tangshan Jidong Cement Co.,Ltd. will no longer hold any stake in Tangshan Hailuo Moulding Material Co., Ltd. Wuhu Conch Profiles and Science Co., Ltd gave up pre-emptive rights to acquire 40% stake in Tangshan Hailuo Moulding Material Co., Ltd.