Shaanxi Heimao Coking Co., Ltd. signed an agreement to acquire Hancheng Xizhan Industrial Park Sewage Treatment Co., Ltd. from Shaanxi Yellow River Mining Co., Ltd. for CNY 84.6 million.
April 19, 2021
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Shaanxi Heimao Coking Co., Ltd. (SHSE:601015) signed an agreement to acquire Hancheng Xizhan Industrial Park Sewage Treatment Co., Ltd. from Shaanxi Yellow River Mining (Group) Co., Ltd. for CNY 84.6 million on April 19, 2021. Within 10 days from the agreement effective date, Shaanxi Heimao Coking will pay 51% of the transfer price. Within 3 months from the transfer completion date, Shaanxi Heimao Coking will pay the remaining amount. Hancheng Xizhan Industrial Park Sewage Treatment reported total assets of CNY 188.8 million and net assets of CNY 51.6 million as on March 31, 2021. The transaction does not require approval of the shareholders of Shaanxi Heimao Coking and was approved by the Board of Shaanxi Heimao Coking.
Shaanxi Heimao Coking Co., Ltd. is a China-based company, principally engaged in the production and sales of coking and chemical products. The Company's products mainly include cokes, coal tars, crude benzene, methyl alcohol, synthesis ammonia and liquefied natural gas (LNG), among others. It conducts its businesses mainly within domestic markets.
Shaanxi Heimao Coking Co., Ltd. signed an agreement to acquire Hancheng Xizhan Industrial Park Sewage Treatment Co., Ltd. from Shaanxi Yellow River Mining Co., Ltd. for CNY 84.6 million.