CPI Yuanda Environmental-Protection Co., Ltd. cancelled the acquisition of assets related to coal-fired generating units and desulfurization and denitration devices from Chongqing Hechuan Second Power Co., Ltd., CPI Henan Power Limited Company, CPI Jiangxi Electric Power Co., Ltd. and Guixi Power Generation Co., Ltd.
July 01, 2014 at 09:30 am IST
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CPI Yuanda Environmental-Protection (Group) Co., Ltd. (SHSE:600292) agreed to acquire assets related to coal-fired generating units and desulfurization and denitration devices from Chongqing Hechuan Second Power Co., Ltd., CPI Henan Power Limited Company, CPI Jiangxi Electric Power Co., Ltd. and Guixi Power Generation Co., Ltd. for approximately CNY 600 million on July 1, 2013. As on July 1, 2013, CPI Yuanda Environmental-Protection (Group) Co will issue 100 million A shares at not less than CNY 16.69 per share in private placement to fund the deal and related deals. As on August 30, 2013, CPI Yuanda Environmental-Protection (Group) Co will issue 98.18 million A shares at not less than CNY 16.61 per share in private placement to raise proceeds of CNY 1.6 billion to fund the deal and related deals. CPI Yuanda Environmental-Protection (Group) Co., Ltd. (SHSE:600292) signed an asset acquisition agreement to acquire assets related to coal-fired generating units and desulfurization and denitration devices from Chongqing Hechuan Second Power Co., Ltd., CPI Henan Power Limited Company, CPI Jiangxi Electric Power Co., Ltd. and Guixi Power Generation Co., Ltd. on October 25, 2013. The transaction was approved by Board of Directors of CPI Yuanda and is subject to approval of CPI Yuanda shareholders. As of October 30, 2013, the transaction is approved by the shareholders of CPI Yuanda.
CPI Yuanda Environmental-Protection (Group) Co., Ltd. (SHSE:600292) cancelled the acquisition of assets related to coal-fired generating units and desulfurization and denitration devices from Chongqing Hechuan Second Power Co., Ltd., CPI Henan Power Limited Company, CPI Jiangxi Electric Power Co., Ltd. and Guixi Power Generation Co., Ltd. on July 1, 2014.
Spic Yuanda Environmental Protection Co Ltd, formerly CPI Yuanda Environmental Protection Group Co Ltd, is a China-based company principally engaged in environmental protection, energy conservation and water affairs. The Company primarily operates its businesses through five segments. The Franchise segment is mainly engaged in desulfurization and denitrification franchise business. The Environmental Protection Engineering and Services segment is mainly engaged in the general contracting business of desulfurization, denitrification and dust removal projects. The Catalyst segment is mainly engaged in the manufacturing and services of denitration catalysts. The Wastewater Treatment segment is mainly engaged in water treatment engineering and operations. The Energy Saving and Others segment is mainly engaged in dust removal equipment manufacturing, energy saving services, environmental protection Internet of Things big data services and other businesses.
CPI Yuanda Environmental-Protection Co., Ltd. cancelled the acquisition of assets related to coal-fired generating units and desulfurization and denitration devices from Chongqing Hechuan Second Power Co., Ltd., CPI Henan Power Limited Company, CPI Jiangxi Electric Power Co., Ltd. and Guixi Power Generation Co., Ltd.