Guangdong Shunkong Development Co.,Ltd. and Guangdong Shunkong Environment Investment Co., Ltd. completed the acquisition of 10% stake in Cangzhou Jingtou Environmental Protection Technology Co., Ltd. from Tianjin Shoucheng Environmental Protection Technology Partnership (Limited Partnership)
November 09, 2023
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Guangdong Shunkong Development Co.,Ltd. (SZSE:003039) and Guangdong Shunkong Environment Investment Co., Ltd. agreed to acquire 10% stake in Cangzhou Jingtou Environmental Protection Technology Co., Ltd. from Tianjin Shoucheng Environmental Protection Technology Partnership (Limited Partnership) on October 23, 2023. In related transaction the parties will also perform an capital increase transaction for Cangzhou Jingtou Environmental Protection Technology. Cangzhou Jingtou Environmental Protection Technology reported Total assets worth CNY 577.9 million and Net assets of CNY 20 million in June 30, 2023. The transaction is already approved for Guangdong Shunkong Development Co.,Ltd.'s board of director's and shareholders. Transaction has also been approved by Tianjin Shoucheng Environmental Protection Technology Partnership's board.
Guangdong Shunkong Development Co.,Ltd. (SZSE:003039) and Guangdong Shunkong Environment Investment Co., Ltd. completed the acquisition of 10% stake in Cangzhou Jingtou Environmental Protection Technology Co., Ltd. from Tianjin Shoucheng Environmental Protection Technology Partnership (Limited Partnership) on November 10, 2023 .
Guangdong Shunkong Development Co Ltd is a China-based company mainly engaged in the production and sale of tap water, water supply and drainage pipe network engineering, and waste incineration power generation. The Company has water plants. It is engaged in the production and sale of tap water, and provision of supporting pipe network engineering services in the water supply area. It owns waste incineration power plants. It is engaged in the investment, construction and operation management of waste incineration power generation projects. It can dispose daily domestic waste and sludge. The Company mainly conducts its businesses in the China market.