Shanghai Taihe Water Environmental Technology Development Co.,Ltd. (SHSE:605081) agreed to acquire Heilongjiang Haihe Beverage Industry Co., Ltd. from a group of sellers for CNY 66 million on August 2, 2022. Heilongjiang Haihe has a total assets of CNY 34.99 million and net assets of CNY 32.0695 million as of June 30, 2022. Board of Directors of Shanghai Taihe approved the deal on August 2, 2022.