Chengdu Xingrong Environment Co., Ltd. completed the acquisition of 60% stake in Dongying Jinmo Environmental Technology Co., Ltd. from Tianjin MOTIMO Membrane Technology Co.,Ltd.
March 20, 2023
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Chengdu Xingrong Environment Co., Ltd. (SZSE:000598) agreed to acquire 60% stake in Dongying Jinmo Environmental Technology Co., Ltd. from Tianjin MOTIMO Membrane Technology Co.,Ltd (SZSE:300334) for CNY 61.7391 million on January 13, 2023. For the year ended, July 31, 2022, Dongying Jinmo Environmental Technology Co., Ltd. total asset is CNY 412.58 million and net asset is CNY 78.82 million. The transaction was approved by Chengdu Xingrong Environment Co., Ltd. the 30th session of 9th directorate. This still needs to be approved by Tianjin MOTIMO Membrane Technology Co.,Ltd.'s shareholders' meeting.
Chengdu Xingrong Environment Co., Ltd. (SZSE:000598) completed the acquisition of 60% stake in Dongying Jinmo Environmental Technology Co., Ltd. from Tianjin MOTIMO Membrane Technology Co.,Ltd (SZSE:300334) on March 21, 2023.
Tianjin Motimo Membrane Technology Co Ltd is primarily engaged in the research, development, manufacture and sale of ultrafiltration membrane, micro membrane and membrane module, as well as the provision of membrane water resource solutions. The Company provides hollow fiber column membrane, curtain-style ultrafiltration membrane, micro-membrane and membrane module, as well as membrane water resource solutions, including continuous membrane filtration (CMF), submerged membrane filter (SMF) and embrane bioreactor (MBR). The Company also provides membrane replacement services, membrane engineering solutions, and sewage treatment technical services. The Company mainly conducts businesses within the domestic market.
TIANJIN MOTIMO MEMBRANE TECHNOLOGY CO.,LTD 
