Lanzhou Dongtang Fire Prevention Engineering Co., Ltd. agreed to acquire Gansu Zhangye DMEGC Magnetics Photovoltaic Electric Power Co., Ltd. from Hengdian Group DMEGC Magnetics Co., Ltd. (SZSE:002056) for CNY 11.6 million on May 28, 2014. Gansu Zhangye DMEGC Magnetics reported a loss of CNY 0.35 million and net assets of CNY 4.49 million for the year 2013. The transaction was unanimously approved by the Board of Directors of Hengdian Group DMEGC Magnetics Co., Ltd.