Anhui Huaqi Environmental Protection & Technology Co., Ltd. agreed to acquire a 50% stake in Everbright Jiangdong Environmental Energy (Maanshan) Co., Ltd. from Anhui Jiangdong Urban Construction Investment Group Co., Ltd.
March 29, 2023
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Anhui Huaqi Environmental Protection & Technology Co., Ltd. (SZSE:300929) agreed to acquire a 50% stake in Everbright Jiangdong Environmental Energy (Ma'anshan) Co., Ltd. from Anhui Jiangdong Urban Construction Investment Group Co., Ltd. on March 29, 2023. In a related transaction, Anhui Huaqi Environmental Protection & Technology Co., Ltd. (SZSE:300929) agreed to acquire a 51% stake in Ma'anshan Jiangdong China Railway Water Co., Ltd. from Anhui Jiangdong Urban Construction Investment Group Co., Ltd. Transaction has been approved by Anhui Huaqi Environmental Protection's board and subject to approval from SASAC, CSRC, State Administration for Market Regulation's Business Concentration Anti-monopoly Review and Anhui Huaqi Environmental Protection's shareholders. Anhui Huaqi Environmental Protection & Technology Co., Ltd. (SZSE:300929) plan involving Issuing Shares to Purchase Assets and Private Placement for Raising Supporting Funds and Relevant Transactions Related Matters being Approved by the Anhui Provincial Department of Finance. For the period September 30, 2022, Everbright Jiangdong had CNY 0.075 million of total assets and CNY 0.036 million of Net assets.
Tian Yuan Law Firm acted as a legal advisor and RSM China Certified Public Accountants acted as an accountant to Anhui Huaqi Environmental Protection & Technology Co., Ltd.
Anhui Huaqi Environmental Protection&Technology Co Ltd is a China-based company principally engaged in water environment management related businesses. The Company provides customers with biological aerated filter (BAF) process technology and core products, intelligent sewage treatment equipment, water environment treatment engineering services, and sewage treatment investment and operation services. The Company's businesses cover the construction and upgrading of urban sewage and industrial wastewater treatment facilities, sewage treatment in villages and towns, and the treatment of black and odorous water bodies. The Company mainly conducts its businesses in the domestic market.
Anhui Huaqi Environmental Protection & Technology Co., Ltd. agreed to acquire a 50% stake in Everbright Jiangdong Environmental Energy (Ma’anshan) Co., Ltd. from Anhui Jiangdong Urban Construction Investment Group Co., Ltd.