Orient International Enterprise, Ltd. (SHSE:600278) agreed to acquire Orient International Holding Shanghai Foreign Trade Co., Ltd. for approximately CNY 760 million on January 22, 2016. Orient International Enterprise will fund the deal through a private placement of CNY 1.5 billion. Orient International Enterprise, Ltd. (SHSE:600278) cancelled the acquisition of Orient International Holding Shanghai Foreign Trade Co., Ltd. on January 22, 2017.