Jiangxi Hongcheng Environment Co.,Ltd. (SHSE:600461) agreed to acquire Jiangxi Lantian Blue Water Environmental Protection Engineering Co., Ltd., Anyi County Water Supply Co., Ltd., and Yangzizhou Water Plant Assets from Nanchang Water Industry Group Co., Ltd. for CNY 390 million on April 12, 2022. The consideration has to be paid within 60 days of completion. The transaction is subject to approval by the shareholders of Jiangxi Hongcheng Environment Co.,Ltd. The transaction has been approved by the board of Jiangxi Hongcheng Environment Co.,Ltd. As on September 15, 2022, Transaction has been approved by Jiangxi Hongcheng Environment 's shareholders.