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Shenzhen Expressway intends not to exceed RMB 810 million in holding Lande's environmental protection
| Time: January 9, 2020 08:42:40 China Finance |
company to increase the environmental protection industry's Shenzhen Expressway
announcement. The company's wholly-owned subsidiary, Shenzhen Expressway Environmental Co., Ltd., will receive a total of 75 million shares of Lande's environmental protection at a price of 5.06 yuan per share. Shares, and subscribe for 85 million newly issued shares of Lande Environmental Protection. After the transaction is completed, the environmental company will eventually obtain Lande Environmental Protection not more than 160 million shares, with a total consideration of not more than 800,960,000 yuan, and a shareholding ratio of 68.1045%. , Lande Environmental Protection will become the company's holding subsidiary. Lande Environmental Protection is mainly engaged in providing customers with systemic comprehensive solutions for municipal organic waste treatment such as kitchen waste and landfill leachate. In 2018, Lande Environmental Protection had a total revenue of 182 million yuan and a net profit of -57.95 million yuan.