Sichuan Development Guorun Water Investment Co., Ltd agreed to acquire 80% stake in Suijiang Dianchi Water TreatmentCo., Ltd. from Kunming Dianchi Water Treatment Co., Ltd. (SEHK:3768) on December 29, 2023. The consideration consists of CNY 22.89 million in cash. As part of the consideration, CNY 22.89 million was paid towards common equity.

The deal is subject to obtaining approval from the State-owned Assets Supervision and Administration Commission of the Kunming People?s Government and local government of Suijiang Dianchi Water which has been fulfilled. Suijiang Dianchi Water TreatmentCo., Ltd. reported common equity of CNY 25.67 million as on June 30, 2023.