Yixing Jinxiao Copper Industry Co., Ltd. agreed to acquire assets of Wuxi Hu'an Wire And Cable, Wuxi Shenhuan Electric and Shen Huan Cable Technology from Hu An Cable Holdings Ltd. (SGX:KI3) for CNY 1 on October 26, 2015. In a related transaction, Chu Jun entered into an agreement to acquire 100% of Wuxi Hu An, 66.7% of Shenhuan Electric and 56.97% of Shenhuan Cable from Hu An Cable Holdings Ltd. (SGX:KI3) on October 26, 2015. The transaction is subject to the approval of the SGX, the approval of Hu An Cable Holdings and Yixing Jinxiao Copper Industry shareholders. If the conditions are not satisfied by December 31, 2015, the agreement will be terminated. As of March 4, 2016, Hu An Cable Holdings’ board entered into a supplemental sale and purchase agreement and agreed to extend the acquisition’s long stop date from December 15, 2015, to April 30, 2016. RHB Securities Singapore Pte. Ltd. acted as financial advisor for Hu An Cable Holdings Ltd. Yixing Jinxiao Copper Industry Co., Ltd. cancelled the agreement to acquire assets of Wuxi Hu'an Wire And Cable, Wuxi Shenhuan Electric and Shen Huan Cable Technology from Hu An Cable Holdings Ltd. (SGX:KI3) on October 26, 2016.