Ningguo State-owned Capital Holding Group Co., Ltd. completed the acquisition of a 10.34% stake in Guangxi Bossco Environmental Protection Technology Co.,Ltd. from Guangzhou Environmental Protection Investment Group Co.,Ltd.
May 23, 2023
Share
Ningguo State-owned Capital Holding Group Co., Ltd. signed the share transfer agreement to acquire a 10.34% stake in Guangxi Bossco Environmental Protection Technology Co.,Ltd. (SZSE:300422) from Guangzhou Environmental Protection Investment Group Co.,Ltd. for approximately CNY 520 million on December 27, 2022. Ningguo State-owned will pay CNY 9.95 cash per share for 52,198,764 shares of Guangxi Bossco Environmental. Prior to this transaction, Guangzhou Environmental Protection owns a 30.67% stake in Guangxi Bossco Environmental and post-closing, Guangzhou Environmental Protection will own 19.64% and Ningguo State-owned will own 10.34% stake in it. The transaction is subject to parties have respectively obtained the state-owned assets approval documents issued by their respective state-owned assets supervision and administration departments that agree to this transaction and having passed the review of the concentration of operators by the Anti-monopoly Bureau of the State Administration for Market Regulation, and obtained the "Decision on No Further Review of the Anti-monopoly Review of Concentration of Operators. As of April 20, 2023, the State-owned Assets Supervision and Administration Commission of the Guangzhou Municipal People's Government and State Administration for Market Regulation approved the transaction.
Ningguo State-owned Capital Holding Group Co., Ltd. completed the acquisition of a 10.34% stake in Guangxi Bossco Environmental Protection Technology Co.,Ltd. (SZSE:300422) from Guangzhou Environmental Protection Investment Group Co.,Ltd. on May 24, 2023.
Anhui Bossco Environmental Protection Technology Co Ltd, formerly Guangxi Bossco Environmental Protection Technology Co Ltd, is a China-based company mainly engaged in providing comprehensive solutions for comprehensive environmental management in multiple fields. The Company's business includes comprehensive environmental management business; environmental protection equipment manufacturing and sales business; water plant, sewage treatment plant, environmental sanitation integration, sludge and contaminated soil disposal terminal operation business, and comprehensive environmental consulting services. The Company's services cover the entire environmental protection industry chain including consulting, design, environmental assessment, testing, research and development, equipment manufacturing, engineering construction, investment and operations.
Ningguo State-owned Capital Holding Group Co., Ltd. completed the acquisition of a 10.34% stake in Guangxi Bossco Environmental Protection Technology Co.,Ltd. from Guangzhou Environmental Protection Investment Group Co.,Ltd.