Northern Long Dragon (301357.SZ) terminates the issuance of shares and payment of cash to purchase assets and increase capital.

China Fortune Financial News APP News, Northern Long Dragon (301357.SZ) announced that, previously, according to the company's strategic planning, the company intends to acquire a 51% stake in Henan Zhongsheng Composite Materials Co., Ltd. ("Henan Zhongsheng" or "Target Company") through the transfer of equity and capital increase in the amount of RMB 102 million (tentative price) in cash and purchase 9.00% of Henan Zhongsheng's equity held by Suo Jianshan through the issuance of shares. After the completion of the above-mentioned transactions, the company will hold 60% of the equity of Henan Zhongsheng.