Zhejiang Fuchunjiang Environmental Thermoelectric Co.,LTD. announced that it expects to receive CNY 878.198663 million in funding from Nanchang Shuitian Investment Group Co., Ltd.
September 13, 2021
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Zhejiang Fuchunjiang Environmental Thermoelectric Co.,LTD announced a private placement of no less than 177,056,182 A shares at a price of CNY 4.96 per share for gross proceeds of not more than CNY 880,000,000 on September 14, 2021. The transaction will include participation from returning investor Nanchang Shuitian Investment Group Co., Ltd., Upon completion, the investor will hold no less than 34.00% of the company's shares. The transaction will subject to lock-up period of 36 months. The transaction has been approved at the ninth meeting of the fifth directorate of the company, and are subject to the approval of the authorized state-owned approval unit, company's shareholders meeting and the China Securities Regulatory Commission.
On November 23, 2021, the company announced that the transaction has been approved by the shareholders of investor via issuance no. 314 [2021].
Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd is a China-based company mainly engaged in energy conservation and environmental protection services. The Company is also engaged in solid waste disposal business, hazardous waste disposal business, and environmental monitoring and management business. The energy conservation and environmental protection service business is mainly the combined heat and power business. The solid waste disposal business mainly involves resource recycling of sludge and general solid waste containing ferrous metals. The hazardous waste disposal business mainly uses hazardous waste containing ferrous metals as raw materials to comprehensively recover non-ferrous metals and precious metals such as copper, tin, gold, silver, platinum, and palladium. The environmental monitoring and management business mainly includes dioxin monitoring equipment sales and leasing business, school-enterprise non-standard cooperation business, and operation and maintenance
Zhejiang Fuchunjiang Environmental Thermoelectric Co.,LTD. announced that it expects to receive CNY 878.198663 million in funding from Nanchang Shuitian Investment Group Co., Ltd.