Zhuzhou Century Fengyuan Intelligent Technology Co., Ltd. completed the acquisition of additional 40.98185% stake in Spring Water Equipment Manufacturing Co., Ltd. from Canature Health Technology Co., Ltd..
September 19, 2023
Share
Zhuzhou Century Fengyuan Intelligent Technology Co., Ltd. signed share transfer agreement to acquire additional 40.98185% stake in Spring Water Equipment Manufacturing Co., Ltd. from Canature Health Technology Co., Ltd. (SZSE:300272) for CNY 28.1 million on August 22, 2023. The transaction is approved by board of directors of Canature Health Technology Co., Ltd. As of June 30, 2023, Spring Water Equipment Manufacturing Co., Ltd. generated total assets of CNY 60.7 million and net assets of CNY 12.1 million.
Zhuzhou Century Fengyuan Intelligent Technology Co., Ltd. completed the acquisition of additional 40.98185% stake in Spring Water Equipment Manufacturing Co., Ltd. from Canature Health Technology Co., Ltd. (SZSE:300272) on September 20, 2023. In September 2023, Zhuzhou Fengyuan completed the first tranche equity transfer payment of CNY 3 million to the company in accordance with the Equity Transfer Agreement.
Canature Health Technology Co Ltd is a China-based company mainly engaged in the manufacturing of water treatment products. The Company is committed to the research, development, manufacturing, sales and services of residential water treatment products and core components such as whole-house water purifiers, whole-house water softeners, commercial purified water dispensers, RO membrane reverse osmosis water purifiers, multi-way control valves, composite material pressure vessels, and membrane elements. The Company provides customized water solutions including residential water solutions, commercial water solutions, public facilities water solutions, industrial water and other special conditions. The Company sells its products domestically in China as well as in overseas markets including Europe, North America and other parts of Asia.
Zhuzhou Century Fengyuan Intelligent Technology Co., Ltd. completed the acquisition of additional 40.98185% stake in Spring Water Equipment Manufacturing Co., Ltd. from Canature Health Technology Co., Ltd..