Sichuan Provincial Investment Group Co., Ltd. signed share transfer and strategic cooperation intention agreement to acquire 10.7% stake in Beijing Originwater Technology Co., Ltd. from Wen Jianping, Liu Zhenguo, Chen Yili, Zhou Nianyun and Wu Kun.
January 10, 2019
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Sichuan Provincial Investment Group Co., Ltd. signed share transfer and strategic cooperation intention agreement to acquire 10.7% stake in Beijing Originwater Technology Co., Ltd. (SZSE:300070) from Wen Jianping, Liu Zhenguo, Chen Yili, Zhou Nianyun and Wu Kun on January 11, 2019. Under the terms, 337.3 million shares will be acquired. Wen Jianping, Liu Zhenguo, Chen Yili, Zhou Nianyun and Wu Kun will transfer 5.69% (179.4 million shares), 3.37% (106.2 million shares), 0.91% (28.5 million shares), 0.21% (6.6 million shares) and 0.52% (16.5 million shares) respectively. Upon completion, Wen Jianping’s stake will reduce from 22.8% to 17.1%, Liu Zhenguo’s stake will reduce from 13.5% to 10.1%, Chen Yili’s stake will reduce from 3.6% to 2.7%, Zhou Nianyun’s stake will reduce from 0.8% to 0.6% and Wu Kun’s stake will reduce from 0.5% to 0%.
Beijing OriginWater Technology Co., Ltd. specializes in environmental services. The group's activity is organized around three areas:
- industrial and municipal wastewater recycling and processing services;
- design and manufacturing of waste water processing equipment: primarily compact and large-scale membrane bioreactors;
- development of solid waste disposal technologies.
Sichuan Provincial Investment Group Co., Ltd. signed share transfer and strategic cooperation intention agreement to acquire 10.7% stake in Beijing Originwater Technology Co., Ltd. from Wen Jianping, Liu Zhenguo, Chen Yili, Zhou Nianyun and Wu Kun.