Bohai Water Industry Co.,Ltd (SZSE:000605) agreed to acquire Hengshui Jingzhen Environmental Technology Co., Ltd from Zhang Jianwei and Chang Xiangyang for CNY 270 million on April 21, 2021. Under the terms, CNY 202.5 million will be paid to Zhang Jianwei and CNY 67.5 million will be paid to Chang Xiangyan. Hengshui Jingzhen reported total assets of CNY 212.9 million, total common equity of CNY 96.6 million as of September 2020. The transaction has been approved by the Board of Bohai Water Industry and does not require approval from the shareholders of Bohai Water Industry.