Nanfeng Galaxy Gongwu Capital Management Partnership Enterprise (Limited Partnership) cancelled the acquisition of 8% stake in Chengbang Eco-Environment Co.,Ltd. from Li Min.
January 15, 2024
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Nanfeng Galaxy Gongwu Capital Management Partnership Enterprise (Limited Partnership) signed a share transfer agreement to acquire 8% stake in Chengbang Eco-Environment Co.,Ltd. (SHSE:603316) from Li Min for approximately CNY 130 million on July 10, 2023. Under the terms, Nanfeng Galaxy Gongwu Capital Management Partnership Enterprise will pay CNY 10 million within 15 working days from the effective date of this agreement, 20% of the transfer price within 30 working days after obtaining the compliance confirmation letter from the Shanghai Stock Exchange and the remaining within 30 working days after the re-election of the board of directors of Chengbang Eco-Environment's is completed. As part of the transaction, Nanfeng Galaxy Gongwu Capital Management Partnership Enterprise will pay CNY 5.99 per share to acquire 21,141,120 shares in Chengbang Eco-Environment. Nanfeng Galaxy Gongwu Capital Management Partnership Enterprise will conduct a due diligence on Chengbang Eco-Environment.
Nanfeng Galaxy Gongwu Capital Management Partnership Enterprise (Limited Partnership) cancelled the acquisition of 8% stake in Chengbang Eco-Environment Co.,Ltd. (SHSE:603316) from Li Min on January 15, 2024.
Chengbang EcoEnvironment Co Ltd, formerly Zhejiang Chengbang Landscape Co Ltd, is a China-based company principally engaged in the design, construction, operation and management of environmental treatment engineering projects, soil remediation projects, water pollution control projects, air pollution control projects, geological disaster management projects and solid waste management projects. The Company is also involved in the construction, operation and management of landscaping, municipal, garden and ancient building, house and building engineering, earth and stone engineering, water conservancy and hydropower engineering, highway engineering, building intelligent engineering and lighting engineering projects. The Company also provides urban and rural planning and design, tourism information consultation, tourism project development, scenic area management, tourism, cultural and creative planning and other services.
Nanfeng Galaxy Gongwu Capital Management Partnership Enterprise (Limited Partnership) cancelled the acquisition of 8% stake in Chengbang Eco-Environment Co.,Ltd. from Li Min.