Wuxi Pinghu Jingshui Technology Co., Ltd agreed to acquire 75% stake in Wuxi Zhongfa Water Investment Co., Ltd. from Yunnan Water Investment Co., Limited for CNY 95.9 million.
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.