Central Plains Environment Protection Co.,Ltd. completed the acquisition of remaining 49% stake in Zhongyuan Environmental Protection Zhengzhou Equipment Engineering Technology Co ., Ltd. from Beijing Weite Jiade Environmental Protection Technology Development Co., Ltd. and Henan Yulin International Flower Industry Co., Ltd.
December 09, 2019
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Central Plains Environment Protection Co.,Ltd. (SZSE:000544) agreed to acquire remaining 49% stake in Zhongyuan Environmental Protection Zhengzhou Equipment Engineering Technology Co ., Ltd. from Beijing Weite Jiade Environmental Protection Technology Development Co., Ltd. and Henan Yulin International Flower Industry Co., Ltd. for CNY 27.3 million on November 14, 2019. Central Plains Environment Protection Co.,Ltd. will acquire 23% stake from Beijing Weite Jiade Environmental Protection Technology Development Co., Ltd. and 26% from Henan Yulin International Flower Industry Co., Ltd. for CNY 12.8 million and CNY 14.5 million respectively, of which 50% of the consideration shall be paid within three days of agreement signing and remaining 50% will be paid within 10 days after completion of change of registry procedure. After completion, Zhongyuan Environmental Protection Zhengzhou Equipment Engineering Technology Co ., Ltd. will become a wholly owned subsidiary of Central Plains Environment Protection Co.,Ltd.
For the year ending December 31, 2018, total assets, net assets, operating revenue and net loss of Zhongyuan Environmental Protection Zhengzhou Equipment Engineering Technology Co ., Ltd. were CNY 54.3 million, CNY 49.3 million, CNY 0.07 million and CNY 0.69 million respectively. On November 14, 2019, the transaction was approved by Board of Directors of Central Plains Environment Protection Co.,Ltd. at 24th meeting of the 8th directorate
Central Plains Environment Protection Co.,Ltd. (SZSE:000544) completed the acquisition of remaining 49% stake in Zhongyuan Environmental Protection Zhengzhou Equipment Engineering Technology Co ., Ltd. from Beijing Weite Jiade Environmental Protection Technology Development Co., Ltd. and Henan Yulin International Flower Industry Co., Ltd. on December 10, 2019.
Central Plains Environment Protection Co Ltd., is a China-based company mainly engaged in sewage treatment businesses. The Company's wastewater treatment business mainly includes operating sewage treatment plants, as well as research and development of sewage treatment systems. The heating sales business mainly conducts central heating through heating companies. The Company is also engaged in sludge disposal, solid waste disposal, environmental protection equipment manufacturing, new energy utilization, municipal construction, landscaping and water environment comprehensive management.The Company mainly conducts its businesses in domestic market.
Central Plains Environment Protection Co.,Ltd. completed the acquisition of remaining 49% stake in Zhongyuan Environmental Protection Zhengzhou Equipment Engineering Technology Co ., Ltd. from Beijing Weite Jiade Environmental Protection Technology Development Co., Ltd. and Henan Yulin International Flower Industry Co., Ltd.