Jiangsu Jiangnan Water Co., Ltd. (SHSE:601199) intends to acquire Jiangyin Qingyuan Pipe Network Engineering Co., Ltd. from Jiangyin Urban Construction Investment Co.,Ltd for CNY 32 million on August 26, 2021. Jiangsu Jiangnan Water Co., Ltd will use its own funds of CNY 32 million. As of July 31, 2021, Jiangyin Qingyuan Pipe Network Engineering Co., Ltd. has reported total assets of CNY 944.97 million and net assets of CNY 31.03 million. The board of directors of Jiangsu Jiangnan and the Assets Supervision and Administration Commission of Wuxi Municipal People's Government approved the transaction