Hunan Xiangjiang Zhongying Industry Transformation and Upgrade Investment Fund Enterprise entered into a transfer agreement to acquire 9.67% stake in Misho Ecology & Landscape Co.,Ltd. from Wang Yingyan and Pan Naiyun for approximately CNY 880 million.
July 28, 2019
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Hunan Xiangjiang Zhongying Industry Transformation and Upgrade Investment Fund Enterprise entered into a transfer agreement to acquire 9.67% stake in Misho Ecology & Landscape Co.,Ltd. (SZSE:300495) from Wang Yingyan and Pan Naiyun for approximately CNY 880 million on July 28, 2019. Transfer price to be paid to Wang Yingyan is CNY 845.36 million and transfer price to be paid to Pan Naiyun is CNY 35.65 million. Hunan Xiangjiang Zhongying Industry Transformation and Upgrade Investment Fund Enterprise will acquire 9.28% stake from Wang Yingyan and 0.39% stake from Pan Naiyun. It will acquire 65.26 million shares in total at a price of CNY 13.5 per share. Wang Yingyan currently holds 250.47 million shares representing 37.14% stake and post completion will hold 27.86% stake in Misho Ecology & Landscape Co.,Ltd. Pan Naiyun currently holds 10.56 million shares representing 1.56% stake and post completion will hold 1.17% stake in Misho Ecology & Landscape Co.,Ltd.
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 Zhongying Industry Transformation and Upgrade Investment Fund Enterprise entered into a transfer agreement to acquire 9.67% stake in Misho Ecology & Landscape Co.,Ltd. from Wang Yingyan and Pan Naiyun for approximately CNY 880 million.