Central Plains Environment Protection Co.,Ltd. (SZSE:000544) agreed to acquire the remaining 49% stake in Zhongyuan Environmental Protection Development Co., Ltd. from Henan Jiuzhou Landscaping Engineering Co., Ltd. for CNY 13.6 million on December 28, 2023. The consideration consists of CNY 13.65 million in cash. The company will use its own funds.

As part of the consideration, CNY 13.65 million was paid towards common equity. Zhongyuan Environmental Protection Development Co., Ltd. reported total assets of CNY 47.36 million and net assets of CNY 45.37 million on November 30, 2023. Central Plains Environment Protection Co., Ltd. board of directors approved the transaction.