Nanfang Pump Industry Co., Ltd. completed the acquisition of Beijing Zhongzi Huayu Environmental Protection Technology Co Ltd.
June 31, 2016
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Nanfang Pump Industry Co., Ltd. (SZSE:300145) agreed to acquire Beijing Zhongzi Huayu Environmental Protection Technology Co Ltd. for CNY 1 billion on November 9, 2015. Nanfang Pump Industry will acquire 30% stake from Guo Shaoshan and Zhu Anmin for CNY 216 million. The transaction has received approval from Board of Directors of Nanfang Pump Industry. The transaction is expected to close by end of September 2016. Nanfang Pump Industry Co., Ltd. completed the acquisition of 30% stake on January 28, 2016.
Nanfang Pump Industry Co., Ltd. (SZSE:300145) completed the acquisition of Beijing Zhongzi Huayu Environmental Protection Technology Co Ltd. on June 1, 2016.
Nanfang Zhongjin Environment Co., Ltd., formerly Nanfang Pump Industry Co., Ltd., is a China-based company principally engaged in the research, development, manufacture and distribution of centrifugal pumps and other water supply equipment. The Companyâs main products include CDL series centrifugal pumps, CHL series centrifugal pumps, complete sets of water supply equipment, sewage pumps, pipe pumps, axially split pumps, fire pumps, metering pumps, oil pumps and deep well pumps, among others. The Company's products are used in clean water treatment, building water supply, heat supply system, pharmaceutical and electronic cleaning industries. The Company distributes its products in domestic market and to overseas markets.
NANFANG ZHONGJIN ENVIRONMENT CO., LTD. 
