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Hengjian Holding

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  1. 2019

    Hengjian agrees to acquire a controlling stake in EasTone

    Yangzhou Oriental Group agreed to transfer 29.99% of EasTone's unrestricted shares to Hengjian Holdings. Hengjian was to obtain at least 34.99% of the company's total shares through the transfer and a subsequent partial tender offer; the article says it would become the controlling shareholder if the transaction were completed.