Anhui Gourgen Traffic Construction Co.,Ltd. cancelled the acquisition of 70% stake in Wuxi Boda New Energy Technology Co., Ltd. from Wuxi Boda Heyi Technology Co., Ltd.
July 10, 2024
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Anhui Gourgen Traffic Construction Co.,Ltd. (SHSE:603815) agreed to acquire 70% stake in Wuxi Boda New Energy Technology Co., Ltd. from Wuxi Boda Heyi Technology Co., Ltd. on August 29, 2023. The consideration will be made in cash and shares. As of September 11, 2023, 90% of the transaction price will be paid by share issuance, and 10% of the transaction price will be paid by cash. Wuxi Boda New Energy Technology Co., Ltd. reported total assets of CNY 2.24 billion and net assets of CNY 306.32 million on March 31, 2023. This transaction still needs to be approved by the company?s directorate and the company?s shareholders? meeting and Shanghai Stock Exchange and CSRC. The deal has been approved by board of directors of Anhui Gourgen Traffic Construction Co.,Ltd.
Anhui Gourgen Traffic Construction Co.,Ltd. (SHSE:603815) cancelled the acquisition of 70% stake in Wuxi Boda New Energy Technology Co., Ltd. from Wuxi Boda Heyi Technology Co., Ltd. on July 10, 2024.
Anhui Gourgen Traffic Construction Co., Ltd. is a China-based company mainly engaged in the engineering construction related to highway and municipal infrastructure construction. The Company operates three business segments. The Highway and Municipal Infrastructure Construction segment is engaged in the process flow including roadbed engineering, pavement engineering, bridge and culvert engineering and tunnel engineering. The Survey Design and Test Inspection segment provides engineering survey, planning research, preliminary design services, and produces reports, drawings and cost tables, tests the quality and technical indicators of materials, components, engineering products and engineering entities used in the project. The Landscaping segment is engaged in green space and environmental construction projects covering landscape construction projects. The Company conducts its businesses primarily within the domestic market.
Anhui Gourgen Traffic Construction Co.,Ltd. cancelled the acquisition of 70% stake in Wuxi Boda New Energy Technology Co., Ltd. from Wuxi Boda Heyi Technology Co., Ltd.