Jointo Energy Investment Co., Ltd. Hebei agreed to acquire 21% stake in Yangmei Group Shouyang Boqi Power Generation Co., Ltd. from Beijing Boqi Environmental Solutions Technology Co., Ltd. for approximately CNY 130 million.
November 19, 2020
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Jointo Energy Investment Co., Ltd. Hebei (SZSE:000600) agreed to acquire 21% stake in Yangmei Group Shouyang Boqi Power Generation Co., Ltd. from Beijing Boqi Environmental Solutions Technology Co., Ltd. for approximately CNY 130 million on November 17, 2020. On November 18, the Jointo Energy and Beijing Boqi signed the Property Transaction Contract. The paid deposit of CNY 38.36 million will be converted into part of the transfer price, and the remaining transfer price of CNY 89.53 million shall be remitted to the settlement account designated by Shanxi Property Rights Exchange Market Co., Ltd. within 10 working days after the contract takes effect. Shouyang Boqi reported Total Assets of CNY 1.52 billion, Net loss of CNY 0.40 million, Net asset of CNY 609.20 million, Revenues of CNY 0.
Jointo Energy Investment Co., ltd. Hebei. is a China-based company principally engaged in the investment, construction, operation and management of electric power generation projects. The Company is involved in electric power business mainly through coal-fired thermal power generation and heat supply, as well as the investment in new energy projects such as nuclear power, wind power, hydropower and others. The Company also provides hotel catering and accommodation services and integrated energy services. The Company operates its businesses mainly in Hebei Province, China.
Jointo Energy Investment Co., Ltd. Hebei agreed to acquire 21% stake in Yangmei Group Shouyang Boqi Power Generation Co., Ltd. from Beijing Boqi Environmental Solutions Technology Co., Ltd. for approximately CNY 130 million.