November 21, according to Journal reported that China Anxin (01149) announced that entered into a memorandum of understanding with an independent third party, the proposed acquisition of the entire equity interest in a company, the company as a lift special equipment technology and safety monitoring system service provider.

In a memorandum of understanding within the period of four months from the date of the Vendor has undertaken not to sell, or the sale of any business and assets of any of the above, and any other person in any negotiations or discussions.

During the exclusivity period, the Group has the right to conduct due diligence on the financial, legal and other matters, and to decide whether to enter into a definitive agreement and possible acquisitions.

China Anxin latest fell 2.73%, to 2.14 yuan. (Nature)