Shandong Sinocera Functional Material Co., Ltd. (SZSE:300285) acquired remaining 30% stake in Shandong Sinocera Xinmeiyu Aluminium Oxide Co., Ltd. for CNY 13.7 million effective as on January 22, 2016. The transaction was approved by Board of Directors of Shandong Sinocera Functional Material on January 22, 2016.