Everbright Environmental Protection Limited agreed to acquire Zhijin Feida Green Energy Co., Ltd from Zhejiang Feida Environmental Science & Technology Co., Ltd. for CNY 55 million.
September 16, 2022
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Everbright Environmental Protection (China) Limited agreed to acquire Zhijin Feida Green Energy Co., Ltd from Zhejiang Feida Environmental Science & Technology Co., Ltd. (SHSE:600526) for CNY 55 million on September 17, 2022. The transaction is subject to approval from Target board and shareholders.
As on December 3, 2022, Zhejiang Feida Environmental Science & Technology Co., Ltd. has received a transaction transfer of CNY 55 million yuan and a total of CNY 294,694,834.71 million in principal and interest of Zhijin Feida Green Energy Co., Ltd 's loan from the Zhejiang Feida Environmental Science & Technology Co., Ltd shareholders. Everbright Environmental Protection (China) Limited has paid off Zhijin Feida Green Energy Co., Ltd.'s loan to all shareholders of the Zhejiang Feida Environmental Science & Technology Co., Ltd.
Zhejiang Feida Environmental Science & Technology Co Ltd is a China-based company mainly engaged in air pollution control and domestic environmental protection water affairs related businesses. The company is committed to providing complete environmental protection systems such as dust removal for industrial flue gas in coal-fired power plants and the fields of steel, metallurgy, building materials, and papermaking. In addition to selling environmental protection equipment, the air pollution control business also operates large-scale industrial flue gas treatment environmental protection island complete sets, waste incineration power generation project investment, and others. The environmental protection water affairs related businesses cover urban sewage treatment, industrial wastewater treatment, rural sewage treatment, municipal water supply, sludge disposal, water environment testing, pipeline network construction and maintenance, and comprehensive water environment management.