An undisclosed buyer proposed to acquire 51% stake in Beijing Beikong Ecology & Construction Group Co., Ltd. from Beijing Enterprises Environment Group Limited for CNY 52.8 million.

An undisclosed buyer proposed to acquire 51% stake in Beijing Beikong Ecology & Construction Group Co., Ltd. from Beijing Enterprises Environment Group Limited (SEHK:154) for CNY 52.8 million on March 22, 2024. The consideration consists of CNY 52.82 million in cash. As part of the consideration, CNY 52.82 million was paid towards common equity.

Beijing Beikong Ecology & Construction Group Co., Ltd. recorded the net loss of CNY 1.6 million . The board of Beijing Enterprises Environment Group Limited (SEHK:154) approved the deal.