China Ocean Industry Group Limited cancelled the acquisition of Shenzhen Shi Tongji Zhong Ji Shiye Limited from Qian Jin.

China Ocean Industry Group Limited is a Hong Kong-based investment holding company principally engaged in shipbuilding businesses. The Company operates through five segments. Shipbuilding segment is engaged in the provision of shipbuilding services. Steel Structure Engineering and Installation segment engages in the manufacturing and selling of steel structures and fittings for ship, marine equipment, mining equipment, ro-ro equipment, ship, bridge and building steel structure. Intelligent Car Parking and Automotive Device Business segment is engaged in the manufacturing and sales of car parking equipment, investment, operation and management of car parks and electronic automotive devices. Trading Business segment is engaged in provision of trading of electronic appliance. Finance Leasing Business segment is engaged in the provision of direct finance leasing, sale and leaseback, advisory services and provision of factoring services.