Anhui Liuguo Chemical Co., Ltd. (SHSE:600470) agreed to acquire 75.84% stake in Tongling Lvyang Building Materials Co., Ltd. from Tongling Chemical Group Bridge Mining Co., Ltd. and Anhui Tonghua International Trade Group Co., Ltd. for CNY 0 on August 29, 2023. As of June 30, 2023, Tongling Lvyang Building Materials reported total assets of CNY 45.5 million and total common equity of CNY -13.8 million. The deal has been approved by board of directors of Anhui Liuguo Chemical Co., Ltd.