Siensol Environment Protection Industry Group Co., Ltd. cancelled the acquisition of 20.7% stake in Wuxi Xuelang Environmental Technology Co., Ltd. from Wuxi Huizhi Investment Development Co., Ltd., Yang Jianping, Xu Huifen, Yang Ke, and Yang Tingyu.
October 07, 2020
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Siensol Environment Protection Industry Group Co., Ltd. agreed to acquire 20.7% stake in Wuxi Xuelang Environmental Technology Co., Ltd. (SZSE:300385) from Wuxi Huizhi Investment Development Co., Ltd., Yang Jianping, Xu Huifen, Yang Ke, and Yang Tingyu for approximately CNY 650 million on October 8, 2019. On October 14, 2019, Siensol Environment signed the share transfer agreement. Siensol Environment will acquire 43.030512 million shares. After completion, Siensol Environment will become Wuxi Xuelang Environmental Technology Co., Ltd. 2nd largest shareholder. On October 8, 2019, the directorate of Siensol Environment Protection Industry Group Co., Ltd. approved this transaction. As of November 4, 2019, Changzhou High-tech Zone (Xinbei District) State-owned Assets Management Committee approved the transaction.
Siensol Environment Protection Industry Group Co., Ltd. cancelled the acquisition of 20.7% stake in Wuxi Xuelang Environmental Technology Co., Ltd. (SZSE:300385) from Wuxi Huizhi Investment Development Co., Ltd., Yang Jianping, Xu Huifen, Yang Ke, and Yang Tingyu on October 8, 2020.
WUXI XUELANG ENVIRONMENTAL TECHNOLOGY CO., LTD. is a China-based company principally engaged in the research and development, manufacturing, system integration and sales of flue gas purification and ash processing system equipment. The Company's main products include waste incineration flue gas treatment system, iron and steel metallurgical dust removal system, ash resource recycling equipment, denitration system, fly ash integrated curing treatment system and sludge drying incineration system. The Company mainly operates its business in domestic market.
Siensol Environment Protection Industry Group Co., Ltd. cancelled the acquisition of 20.7% stake in Wuxi Xuelang Environmental Technology Co., Ltd. from Wuxi Huizhi Investment Development Co., Ltd., Yang Jianping, Xu Huifen, Yang Ke, and Yang Tingyu.