Everbright Environmental Protection (China) Limited agreed to acquire Zhijin Feida Green Energy Co., Ltd from Zhejiang Feida Environmental Science & Technology Co., Ltd. (SHSE:600526) for CNY 55 million on September 17, 2022. The transaction is subject to approval from Target board and shareholders.
As on December 3, 2022, Zhejiang Feida Environmental Science & Technology Co., Ltd. has received a transaction transfer of CNY 55 million yuan and a total of CNY 294,694,834.71 million in principal and interest of Zhijin Feida Green Energy Co., Ltd 's loan from the Zhejiang Feida Environmental Science & Technology Co., Ltd shareholders. Everbright Environmental Protection (China) Limited has paid off Zhijin Feida Green Energy Co., Ltd.'s loan to all shareholders of the Zhejiang Feida Environmental Science & Technology Co., Ltd.