Top Resource Conservation and Environment Corp. (SZSE:300332) and Jiangxi Dezhibao Investment Management Co., Ltd. (Dezhibao) agreed to acquire 78% stake in Dongying Tianlong Natural Gas Utilization Co., Ltd. (Dongying Tianlong) from Li Yang and Zhang Anquan for CNY 71.4 million on January 29, 2016. Dezhibao will acquire Dongying Tianlong's 56% and 17% stakes from Li Yang and Zhang Anquan for CNY 51.24 million and CNY 15.6 million respectively, and Top Resource will acquire Dongying Tianlong’s 5% stake from Zhang Anquan for CNY 4.58 million. After the transfer, Dezhibao will own 73%, Li Yang and Zhang Anquan will own 8% each, Top Resource will own 5% of Dongying Tianlong. As of December 31, 2015, Dongying Tianlong reported total assets of CNY 66.55 million, total liabilities of CNY 28.32 million, net assets of CNY 38.23 million, operating loss of CNY 4.3 million, revenues of CNY 12.6 million and net loss of CNY 4.3 million. Top Resource Conservation and Environment Corp. (SZSE:300332) and Jiangxi Dezhibao Investment Management Co., Ltd. (Dezhibao) cancelled the acquisition of 78% stake in Dongying Tianlong Natural Gas Utilization Co., Ltd. (Dongying Tianlong) from Li Yang and Zhang Anquan on January 29, 2017.