Shanghai Pengxin Group Co., Ltd. agreed to acquire 7.93% of stake in Heilongjiang Interchina Water Treatment Co.,Ltd. (SHSE:600187) from Interchina (Tianjin) Water Treatment Limited for approximately CNY 320 million on August 9, 2022. Shanghai Pengxin Group Co., Ltd. will acquire 127.3125 million shares. As of November 30, 2022, pursuant to which the parties agreed to extend the Long Stop Date to January 31, 2023,Transaction is subject to approval of Heilongjiang Interchina Water sahregolders.

As on October 20, 2022, Shareholders approved the transaction. Lego Corporate Finance Limited acted as financial advisor to Interchina (Tianjin) Water Treatment Limited.