Heilongjiang Interchina Water Treatment Co.,Ltd. agreed to acquire Hanzhong Guozhong Water Supply Co., Ltd. and Hanzhong Hanjiang Water Supply Industrial Co., Ltd. from Hanzhong Investment Holding Group Co., Ltd. for approximately CNY 380 million.
September 29, 2021
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Heilongjiang Interchina Water Treatment Co.,Ltd. (SHSE:600187) agreed to acquire Hanzhong Guozhong Water Supply Co., Ltd. and Hanzhong Hanjiang Water Supply Industrial Co., Ltd. from Hanzhong Investment Holding Group Co., Ltd. for approximately CNY 380 million on September 30, 2021. The equity transaction price is CNY 197.7 million and the transferor’s debt price is CNY 176.2 million. The consideration includes first installment payment of 40% within 10 days from the effective date of this contract, second installment payment of 40% within 60 days from the date of the first payment and the third installment payment of 20%. For the year ending June 31, 2021, total assets are CNY 434.15 million, net assets of CNY 184 million, EBIT of CNY 30 million and net income of CNY 0.62 million.
Heilongjiang Interchina Water Treatment Co Ltd is principally engaged in sales of water, the provision of sewage treatment service and engineering consulting service, as well as the sales of related equipment. It also provides engineering, procurement, construction (EPC) services and operational services. The Company operates its businesses mainly in Northeast China, North China, East China, South China, Central China, Northwest China, Southwest China.
Heilongjiang Interchina Water Treatment Co.,Ltd. agreed to acquire Hanzhong Guozhong Water Supply Co., Ltd. and Hanzhong Hanjiang Water Supply Industrial Co., Ltd. from Hanzhong Investment Holding Group Co., Ltd. for approximately CNY 380 million.