Wuxi Pinghu Jingshui Technology Co., Ltd agreed to acquire 75% stake in Wuxi Zhongfa Water Investment Co., Ltd. from Yunnan Water Investment Co., Limited (SEHK:6839) for CNY 95.9 million on June 24, 2024. A cash consideration of CNY 95.9 million will be paid by Wuxi Pinghu Jingshui Technology Co., Ltd. As part of consideration, CNY 95.9 million is paid towards common equity of Wuxi Zhongfa Water Investment Co., Ltd.

For the period ending December 31, 2023, Wuxi Zhongfa Water Investment Co., Ltd. reported total revenue of CNY 49.02 million and net loss of CNY 82.87 million.

Yunnan Water Investment intends to obtain a written Shareholders? approval from Yunnan Green Environmental Protection Industry Group and Beijing OriginWater Technology.