LingNan Eco&Culture-Tourism Co.,Ltd. agreed to acquire remaining 17.64% stake in Shanghai Hengrun Digital Technology Co., Ltd. From Zeheng Consulting, Zhong'an Overseas, Hefei Venture Capital, Zhongan Venture Capital, Qiyang Investment, Guangtou Health Fund, Guangtou Science and Technology Innovation Fund, Dongrong Fund, Hengqin Financial Investment Group and Xiang Lijun for CNY 617.1 million
November 22, 2022
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LingNan Eco&Culture-Tourism Co.,Ltd. (SZSE:002717) agreed to acquire remaining 17.64% stake in Shanghai Hengrun Digital Technology Co., Ltd. from Hefei Zeheng Enterprise Management Consulting Partnership (Limited Partnership), Anhui Zhongan Overseas Technology Introduction Investment Partnership (Limited Partnership), Hefei Innovation Technology Venture Capital Co., Ltd., Chuzhou Zhongan Venture Capital Emerging Industry Fund Partnership (Limited Partnership), Ningbo Meishan Bonded Port Area Chunyang Qiyang Equity Investment Partnership (Limited Partnership), Guangxi Guangtou Guohong Health Industry Fund Partnership (Limited Partnership), Guangxi Liuzhou Guangtou Guofu Technology Venture Capital Fund Partnership (Limited Partnership), Guangxi Hezhou Dongrong Digital Science and Technology Innovation Investment Fund Partnership (Limited Partnership), Hengqin Financial Investment Group Co., Ltd. and Xiang Lijun for CNY 617.1 million on November 22, 2022. The transaction has been approved by the board of directors of LingNan Eco&Culture-Tourism Co.,Ltd. The consideration will paid through own funds. and will be paid in two-three installments in 2023.
Shanghai Hengrun Digital Technology recorded net assets of CNY 0.7 billion and total assets of CNY 1.23 billion as of September 30, 2022.
LingNan Eco & Culture-Tourism Co Ltd is a China-based company mainly engaged in environmental governance business. The Company has three segments. The Ecological Environment Construction and Restoration Business segment is mainly engaged in ecological environment design, urban gardens, rural landscapes, ecological landscapes, municipal public works, smart city projects, urban and road lighting projects and other businesses. The Water Affairs and Water Environment Governance Business segment is engaged in the research and development, planning, design, investment, construction and operation of water conservancy projects, urban and rural water affairs, water ecology and water environment. The Cultural Tourism Business segment provides creative design, technology research and development, project implementation and content production services for theme parks, tourist attractions, and science and technology museums. The Company mainly conducts business in domestic and foreign markets.