China Urban and Rural Holding Group Co., Ltd. made an offer to acquire 11.24% of stake in Beijing Originwater Technology Co., Ltd. (SZSE:300070) for CNY 2.4 billion on July 24, 2022. Under the terms, 407,210,835 will be acquired for the transaction. China Urban is paying CNY 6 per share.
The Board of China Urban and Rural Holding approved the deal. The period of tender offer is from August 11, 2022 to September 9, 2022. tender offer is not for the purpose of terminating the listing status of Clearwater.
As of September 9, 2022 the tender offer period has expired, and a total of 6,132 accounts tendered 589.082010 shares, higher than the expected 407.210835 million shares.