Guizhou Water Conservancy Investment Co.,Ltd. entered into an equity transfer agreement to acquire 4.33% stake in Guizhou Water Conservancy Co., Ltd from SafBon Water Service Inc.,Shanghai for CNY 78 million.
October 15, 2020
Share
Guizhou Water Conservancy Investment (Group) Co.,Ltd. entered into an equity transfer agreement to acquire 4.33% stake in Guizhou Water Conservancy Co., Ltd from SafBon Water Service (Holding) Inc.,Shanghai (SZSE:300262) for CNY 78 million on October 16, 2020. SafBon Water Service (Holding) Inc.,Shanghai has received the full share transfer payment from Guizhou Water Investment. Before the transaction, Guizhou Water Conservancy Investment held 61.91% stake in Guizhou Water Conservancy and SafBon Water Service held 4.33% shares in Guizhou Water Conservancy. As of June 30, 2020, Guizhou Water Conservancy Co., Ltd reported total asset of CNY 3.4 billion and net asset of CNY 1.3 billion. The transaction is approved by the board of SafBon Water Service (Holding) Inc.,Shanghai.
Safbon Water Service Holding Inc Shanghai is a China-based company mainly engaged in intelligent, all-round technical solution operation services in the field of environmental protection and energy. The Company's main businesses cover industrial water treatment, municipal water treatment, solid waste treatment, natural gas pressure regulating stations and distributed energy, including product promotion and sales, sludge treatment, recycled water utilization, seawater desalination, desalinated water and zero emission, construction, and others. The Company can provide technology research and development, system design, and system integration in the field of environmental protection and energy, civil construction, equipment installation and commissioning, engineering procurement construction (EPC) turnkey project development, operation, and others. The Company mainly operates its businesses in the domestic market.
Guizhou Water Conservancy Investment Co.,Ltd. entered into an equity transfer agreement to acquire 4.33% stake in Guizhou Water Conservancy Co., Ltd from SafBon Water Service Inc.,Shanghai for CNY 78 million.