China Everbright Environment Group Limited (SEHK:257) entered into an equity transfer agreement to acquire Yulin Chuanneng Huashi Renewable Energy Limited for approximately HKD 150 million on May 9, 2019. As per the transaction, cash consideration of HKD 96.6 million was paid in 2019 and the remaining consideration of HKD 56.8 million was recorded in creditors, other payables and accrued expenses. The transaction includes the acquisition of cash and cash equivalents of HKD 3.5 million. China Everbright Environment Group Limited (SEHK:257) completed the acquisition of Yulin Chuanneng Huashi Renewable Energy Limited in June, 2021.