Beijing Capital Eco-environment Protection Group Co.,ltd. intends to acquire 81.16% stake in Beijing Capital Air Environmental Science & Technology Co.,Ltd from Beijing Capital Venture Group Co., Ltd., Beijing Capital Venture Capital Co., Ltd., Beijing Yaomu Investment Consulting Co., Ltd. and other investors for approximately CNY 860 million.
November 25, 2021
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Beijing Capital Eco-environment Protection Group Co.,ltd. (SHSE:600008) intends to acquire 81.16% stake in Beijing Capital Air Environmental Science & Technology Co.,Ltd from Beijing Capital Venture Group Co., Ltd., Beijing Capital Venture Capital Co., Ltd., Beijing Yaomu Investment Consulting Co., Ltd. and other investors for approximately CNY 860 million on November 25, 2021. The consideration will be paid in cash. In the first step, Beijing Capital Eco-environment Protection Group Co.,ltd. will acquire 81.16%% in Beijing Capital Atmospheric Environmental Technology Co., Ltd. held by 33 shareholders for CNY 862 million and the remaining 18.84% equity will be acquired for CNY 241 million after counter parties performing state-owned assets evaluation and filing procedures, etc., and the relevant transfer conditions will be met/purchase after the parties have reached consensus. On November 25, 2021, the board of Beijing Capital Eco-environment Protection Group Co.,ltd. approved the transaction.
Beijing Capital Eco-Environment Protection Group Co Ltd is a China-based company engaged in water services. The Company mainly operates through six segments, including Urban Water Operations, Urban Water Construction, Water Environment Comprehensive Management, Solid Waste Treatment, Air Comprehensive Management and Expressway Business segments. Municipal utilities and urban environmental comprehensive services include water treatment and water environment comprehensive services, sanitation, solid waste disposal and environmental restoration services, air environment comprehensive services, green energy and energy management services. Enterprise environmental protection and energy-saving comprehensive services include enterprise environmental protection and energy-saving comprehensive services, industrial water system comprehensive services and enterprise energy-saving management services. The Company mainly conducts business in domestic and overseas market.
Beijing Capital Eco-environment Protection Group Co.,ltd. intends to acquire 81.16% stake in Beijing Capital Air Environmental Science & Technology Co.,Ltd from Beijing Capital Venture Group Co., Ltd., Beijing Capital Venture Capital Co., Ltd., Beijing Yaomu Investment Consulting Co., Ltd. and other investors for approximately CNY 860 million.