Guangdong Ge´en Enterprise Management Co., Ltd completed the acquisition of a 40% stake in Qiyuan Lead Electronic Material Co., Ltd. from CECEP Environmental Protection Equipment Co.,Ltd. for CNY 6.2 million.
September 13, 2022
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Guangdong Ge´en Enterprise Management Co., Ltd agreed to acquire 40% stakes in Qiyuan (Shaanxi) Lead Electronic Material Co., Ltd from CECEP Environmental Protection Equipment Co.,Ltd. (SZSE:300140) for CNY 6.2 million on June 15, 2022. Guangdong Ge´en Enterprise Management Co., Ltd paid 60% consideration amounting CNY 3.73116 million in cash and remaining 40% of the transaction price will be issued to the China CITIC Bank Co., Ltd. Foshan Branch with an irrevocable demand performance guarantee. As of August 25 the remaining 40% of the consideration has been paid. The transaction is subject to approval of merger agreement by CECEP Environmental Protection Equipment Co.,Ltd. board. As of June 15, 2022 CECEP Environmental Protection Equipment Co.,Ltd. board approved the deal.
Guangdong Ge´en Enterprise Management Co., Ltd completed the acquisition of a 40% stake in Qiyuan (Shaanxi) Lead Electronic Material Co., Ltd. from CECEP Environmental Protection Equipment Co.,Ltd. (SZSE:300140) for CNY 6.2 million on September 14, 2022.
Cecep Environmental Protection Co Ltd, formerly Cecep Environmental Protection Equipment Co Ltd, is a China-based company principally engaged in the design, development, manufacture and sales of high-end energy conservation and environmental protection equipment and electrician special equipment. The Company is also involved in providing services of comprehensive control of atmospheric and environmental monitoring, wisdom environment (big data) and other high and new technologies. The Company distributes its products within the domestic market and to overseas market.
Guangdong Ge´en Enterprise Management Co., Ltd completed the acquisition of a 40% stake in Qiyuan Lead Electronic Material Co., Ltd. from CECEP Environmental Protection Equipment Co.,Ltd. for CNY 6.2 million.