Beijing Zhongjian Qiming Enterprise Management Co., Ltd. completed the acquisition of 27% stake in Scimee Sci.&Tech. Co.,Ltd from Chengdu Demo-Scimee Investment Co., Ltd.
January 03, 2019
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Beijing Zhongjian Qiming Enterprise Management Co., Ltd. entered into an agreement to acquire 27% stake in Scimee Sci.&Tech. Co.,Ltd (SZSE:300425) from Chengdu Demo-Scimee Investment Co., Ltd. for approximately CNY 970 million on October 16, 2018. Under the terms of the transaction, Beijing Zhongjian Qiming Enterprise Management Co., Ltd. will acquire 182.8 million shares at CNY 5.32 per share. As of December 10, 2018, State Asset regulator has approved the transaction.
Beijing Zhongjian Qiming Enterprise Management Co., Ltd. completed the acquisition of 27% stake in Scimee Sci.&Tech. Co.,Ltd (SZSE:300425) from Chengdu Demo-Scimee Investment Co., Ltd. on January 4, 2019. Post completion, Beijing Zhongjian Qiming Enterprise Management holds 27% stake and Chengdu Demo-Scimee Investment holds 13.64% stake in Scimee Sci.&Tech.
Cscec Scimee Sci & Tech Co Ltd is a China-based company primarily engaged in the provision of water environment solutions services. The Company operates through three segments. The Water Treatment Business segment mainly engages in municipal, river basin and village water environment management, and industrial water treatment and reuse. The Centrifuge Business segment is mainly engaged in the development, manufacturing and sales of filtration and separation machineries. The Municipal Wastewater Business segment is mainly engaged in sludge reduction and other solid waste and hazardous waste disposal. The Companyâs main products include super magnetic separation water purification equipment and other products. The Company operates its business within the domestic and overseas market.