China Conch Venture Holdings Limited (SEHK:586) signed a share purchase agreement to acquire remaining stake in Chongqing Conch Venture Environmental Protection Technology Co., Ltd and Xi'an Yaobai JV Technology Engineering Co., Ltd for approximately HKD 740 million on June 7, 2021. Under the transaction, China Conch Venture Holdings Limited will issue Tranche A Consideration Shares (i.e. a total of 16.80871 million new Shares) to Ma Zhaoyang and Tranche B Consideration Shares (i.e. a total of 5.206349 million new Shares) to West China Cement. Transaction is subject to customary closing conditions, including Purchaser being reasonably satisfied with the due diligence results, Listing Committee of the Stock Exchange having granted permission for the listing, the Purchaser having received a PRC legal opinion to be issued by the legal advisers as to PRC laws.