Xizi Clean Energy Equipment Manufacturing Co., Ltd. completed the acquisition of additional 10% stake in Hepu Energy Environmental Technology Co., Ltd. from Beijing E-Town International Investment & Development Co., Ltd.
March 15, 2023
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Xizi Clean Energy Equipment Manufacturing Co., Ltd. (SZSE:002534) entered into a letter of intent to acquire additional 10% stake in Hepu Energy Environmental Technology Co., Ltd. from Beijing E-Town International Investment & Development Co., Ltd. for CNY 136 million on June 30, 2022. Xizi Clean Energy Equipment Manufacturing Co., Ltd. (SZSE:002534) agreed to acquire additional 10% stake in Hepu Energy Environmental Technology Co., Ltd. from Beijing E-Town International Investment & Development Co., Ltd. for CNY 136 million on December 30, 2022. The consideration will be paid through self raised funds. Hepu Energy recorded CNY 1.08 billion and net assets of CNY 549.77 million as of November 30, 2022.
Xizi Clean Energy Equipment Manufacturing Co., Ltd. (SZSE:002534) completed the acquisition of additional 10% stake in Hepu Energy Environmental Technology Co., Ltd. from Beijing E-Town International Investment & Development Co., Ltd. on March 16, 2023.
Xizi Clean Energy Equipment Manufacturing Co Ltd, formerly Hangzhou Boiler Group Co Ltd, is a China-based company mainly engaged in consulting, research and development, production, sales, installation and general contracting of waste heat boilers, clean and environmentally friendly energy power generation equipment and other products. The Company provides customers with energy-saving and environmental protection equipment and overall solutions for energy utilization. The Company's main products include industrial boilers, waste heat boilers, power station boilers, components and power station auxiliary equipment. The Company is also involved in trading service business. The Company distributes its products in the domestic market and to overseas markets.
Xizi Clean Energy Equipment Manufacturing Co., Ltd. completed the acquisition of additional 10% stake in Hepu Energy Environmental Technology Co., Ltd. from Beijing E-Town International Investment & Development Co., Ltd.