Hunan Xiangjiang New Area Development Group Company Limited cancelled the acquisition of 8.3% stake in Misho Ecology & Landscape Co.,Ltd. from Wang Yingyan and Xu Jing.
March 26, 2023
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Hunan Xiangjiang New Area Development Group Company Limited signed Share Transfer Agreement to acquire 8.3% stake in Misho Ecology & Landscape Co.,Ltd. (SZSE:300495) from Wang Yingyan and Xu Jing for approximately CNY 410 million on February 9, 2021. Under the terms of agreement, Hunan Xiangjiang will acquire 55.6 million shares of Misho at price of CNY 7.41 per share. Wang Yingyan and Xu Jing will transfer 50.3 million and 5.3 million shares representing 7.46% stake and 0.8% stake respectively in Misho Ecology & Landscape. Post completion, Hunan Xiangjiang New Area Development Group, Wang Yingyan and Xu Jing will hold 8.25%, 22.4% and 2.4% stake in Misho Ecology & Landscape respectively. The transaction was approved by the Changsha Municipal SASAC and the competent authority of Xiangjiang Group.
Hunan Xiangjiang New Area Development Group Company Limited cancelled the acquisition of 8.3% stake in Misho Ecology & Landscape Co.,Ltd. (SZSE:300495) from Wang Yingyan and Xu Jing on March 27, 2023.
Misho Ecology & Landscape Co.,Ltd., formerly Jiangsu Misho Ecology & Landscape Co., Ltd., is a China-based company principally engaged in ecological landscape construction. The Company mainly operates through Ecological Restoration and Reconstruction segment and Garden Landscape segment. Ecological Restoration and Reconstruction segment is mainly involved in wetland restoration and protection, urban wetland parks, non-point source pollution ecological interception and governance, river course comprehensive treatment, mining rehabilitation, slope treatment and soil remediation, among others. Garden Landscape segment includes road greening, square landscape and real estate landscape, among others. The Company is also involved in the design and conservation of landscapes, as well as the sale nursery stocks. The Company operates its business mainly in domestic market.
Hunan Xiangjiang New Area Development Group Company Limited cancelled the acquisition of 8.3% stake in Misho Ecology & Landscape Co.,Ltd. from Wang Yingyan and Xu Jing.