Nantong Industries Holding Group Co., Ltd. acquited 48% stake in NTGS Environmental Remediation Co., Ltd. from BCEG Environmental Remediation Co., Ltd. for CNY 10 million
May 25, 2023
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Nantong Industries Holding Group Co., Ltd. entered into a contract to acquire 48% stake in NTGS Environmental Remediation Co., Ltd. from BCEG Environmental Remediation Co., Ltd. (SZSE:300958) for CNY 10 million on April 23, 2023. The security deposit paid by Nantong Industries Holding Group in accordance with the requirements of BCEG Environmental Remediation Co and the property transfer information disclosure announcement shall be converted into a part of the transfer price after Nantong Industries Holding Group Co. pays the remaining transfer price other than the security deposit in accordance with this contract. Nantong Industries Holding Group Co. adopts a one-time payment method, and remits the remaining transfer price of CNY 7.04 million, excluding the security deposit, to the settlement account designated by China Beijing Equity Exchange within 5 working days after this contract takes effect. Following the sale, BCEG Environmental Remediation Co., Ltd. will no longer hold equity in NTGS Environmental Remediation Co., Ltd.
Nantong Industries Holding Group Co., Ltd. completed the acquisition of 48% stake in NTGS Environmental Remediation Co., Ltd. from BCEG Environmental Remediation Co., Ltd. (SZSE:300958) on May 25, 2023. BCEG Environmental Remediation Co., Ltd. has received the equity transfer payment from the Beijing Equity Exchange on May 25, 2023. The equity transfer has been completed.
BCEG Environmental Remediation Co Ltd is a China-based company mainly engaged in providing comprehensive environmental remediation services. The Company's main businesses include the overall environmental remediation solution, technical consulting service and restoration pharmaceutical production. The overall environmental restoration solutions cover different stages of project technical plan design, project implementation and follow-up risk management and continuous management consulting, including soil and groundwater restoration, water environment and mine ecological restoration. The technical consulting service business mainly includes front-end site investigation and risk assessment in the environmental remediation industry, remediation project process consulting and environmental emergency consulting. The repairing agent business mainly includes the production and application of repairing agents.
Nantong Industries Holding Group Co., Ltd. acquited 48% stake in NTGS Environmental Remediation Co., Ltd. from BCEG Environmental Remediation Co., Ltd. for CNY 10 million