July 25 – On July 13, Dongguan Fangda Renewable Resources Industry's (600656) wholly controlled subsidiary, Zhuhai Haixin Industrial Enterprise Management Consulting, terminated its plan to acquire a 54-percent stake in Jintai Chuangtian, an automobile retailer, for 26.56 million yuan, reports yicai.com, citing a company filing.

The target firm, which was founded in 2011, has a registered capital of 50 million yuan and specializes in selling Mazda vehicles.

Source:CapitalVue