Hezhang County Hongyi Construction Engineering Co., Ltd entered into share transfer agreement to acquire 22% stake in China Unienergy Group Ltd. (SEHK:1573) from Lavender Row Limited and Moonfun Miracle Limited for HKD 1.4 billion on May 13, 2018. As per the terms of the consideration Hezhang County Hongyi Construction Engineering Co., Ltd will acquire 157.9 million shares of China Unienergy Group Ltd. Post completion Lavender Row Limited will hold 36% stake and Hezhang County Hongyi Construction Engineering Co., Ltd will hold 22% stake in China Unienergy Group Ltd. The transaction is subject to obtaining required approvals and consents from any government authorities. Hezhang County Hongyi Construction Engineering Co., Ltd cancelled the acquisition of 22% stake in China Unienergy Group Ltd. (SEHK:1573) from Lavender Row Limited and Moonfun Miracle Limited on May 13, 2019.