FULONGMA GROUP Co.,Ltd. agreed to acquire additional 20% stake in Fulongma Environmental Technology Co., Ltd from Yangcheng Xinsheng Equity Investment Partnership (Limited Partnership) for CNY 0.0 million.
April 18, 2024
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FULONGMA GROUP Co.,Ltd. (SHSE:603686) agreed to acquire additional 20% stake in Fulongma Environmental Technology (Suzhou) Co., Ltd from Yangcheng Xinsheng Equity Investment (Longyan) Partnership (Limited Partnership) for CNY 0.0 million on April 19, 2024. For the period ended December 31, 2023 Fulongma Environmental Technology (Suzhou) Co., Ltd had total assets of CNY 33.66 million net assets of CNY 13.75 million operating income of CNY 8.47 million and net loss of CNY 5.51 million.
Fulongma Group Co Ltd, formerly Fujian Longma Environmental Sanitation Equipment Co Ltd, is a China-based company mainly engaged in environmental sanitation services. The Company operates three segments. Sanitation and Cleaning Equipment segment and Garbage Collection and Transfer Equipment segment are mainly engaged in the research and development, production and sales of various sanitation equipment. Environmental Sanitation Industry Services division mainly provides environmental sanitation public services such as road and public places cleaning and cleaning, domestic waste classification, collection, cleaning and transportation, disposal, public toilet operation and management, road cleaning, property management, smart sanitation and other environmental sanitation services. The Company's products include sweeping and sweeping vehicles, vacuum cleaners, environmental monitoring vehicles, wall cleaning vehicles, and kitchen garbage trucks.
FULONGMA GROUP CO.,LTD. 
