Weifang Urban Construction and Development Investment Group Co., Ltd. won the auction to acquire 12.67% stake in Weifang Yaxing Chemical Co., Ltd. (SHSE:600319) from Beijing Glorious Oriental Business Management Co., Ltd. for approximately CNY 200 million on November 14, 2020. Weifang Urban Construction and Development won judicial auction for 40 million shares. Weifang Urban Construction and Development Investment Group Co., Ltd. completed the acquisition of 12.67% stake in Weifang Yaxing Chemical Co., Ltd. (SHSE:600319) from Beijing Glorious Oriental Business Management Co., Ltd. on November 14, 2020.