Nanfang Zhongjin Environment Co., Ltd. cancelled the acquisition of 70% stake in Shandong Xinbo Lisheng Environmental Protection Technology Co., Ltd. from Weifang Zhuojian Information Technology Partnership (Limited Partnership) and Weifang Deyouyuan Network Technology Partnership (Limited Partnership).
April 18, 2019
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Nanfang Zhongjin Environment Co., Ltd. (SZSE:300145) agreed to acquire 70% stake in Shandong Xinbo Lisheng Environmental Protection Technology Co., Ltd. from Weifang Zhuojian Information Technology Partnership (Limited Partnership) and Weifang Deyouyuan Network Technology Partnership (Limited Partnership) for approximately CNY 110 million on January 16, 2019. Shandong Xinbo Lisheng Environmental Protection Technology reported total assets of CNY 108.7 million and net assets of CNY 12.4 million as of June 30, 2018. The transaction has been approved by Board of Nanfang Zhongjin Environment Co., Ltd.
Nanfang Zhongjin Environment Co., Ltd. (SZSE:300145) cancelled the acquisition of 70% stake in Shandong Xinbo Lisheng Environmental Protection Technology Co., Ltd. from Weifang Zhuojian Information Technology Partnership (Limited Partnership) and Weifang Deyouyuan Network Technology Partnership (Limited Partnership) on April 19, 2019.
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. 
