CSD Water Service Co., Ltd. (SHSE:603903) agreed to acquire 51% stake in Beijing Zhongchi Green Energy Environmental Technology Co., Ltd. from CSD (Beijing) Environmental Protection Development Co., Ltd., Li Caibin, Zhang Xiaohui, and Peng Guangxia for CNY 43.26 million September 18, 2023. Beijing Zhongchi Green Energy Environmental Technology Co., Ltd. reported total assets of CNY 165.62 million and net assets of CNY 68.12 million in June 2023. CSD (Beijing) Environmental Protection Development Co., Ltd. will sold 23.67% stakes, Li Caibin sold 20.72% stakes, Zhang Xiaohui sold 3.97% stakes, and Peng Guangxia sold 2.64% stake in Beijing Zhongchi Green Energy Environmental Technology Co., Ltd. CSD Water Service Co., Ltd. (SHSE:603903) board of directors approved the transaction.