Yongtaiyun Chemical Logistics Co.,Ltd (SZSE:001228) agreed to acquire a 8.7851% stake in Ningbo JiangChen Automation Equipment Co.,Ltd. from Ningbo Jiangchen Intelligent Technology Co., Ltd. for CNY 86 million on May 10, 2023. Under the terms, CNY 12.28 per share in cash will be paid. Transaction has been approved by Yongtaiyun Chemical's board.

As of June 3, 2023 Yongtaiyun Chemical Logistics Co.,Ltd (SZSE:001228) shareholders approved the deal. For the period March 31, 2023, Ningbo JiangChen had CNY 634.961 million of total assets and CNY 304.1608 million of net assets.