Ningguo State-owned Capital Holding Group Co., Ltd. intends to acquire a 75% stake in Sihong Bossco Water Co., Ltd. from Guangxi Bossco Environmental Protection Technology Co.,Ltd. (SZSE:300422) for approximately CNY 190 million on June 9, 2023. For the period End of March 2023, Sihong Bossco had total assets worth CNY 516.9 million and Net assets of CNY 163.1 million. Transaction is subject to approval from relevant laws and regulations on state-owned assets transactions.

As of December 27, 2023 Anhui Bossco Environmental Protection Technology's board of directors and shareholders approved the transaction and Anhui Bossco Environmental Protection Technology along with Anhui Bossco Environmental Protection Technology signed an equity transfer agreement.