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Huanlan Environment: Acquisition of Yuefeng Environmental Protection Approved by State-Owned Asset Supervision Department

MarsBitNews
Mars Finance News, June 23—Hanlan Environment announced that it plans to acquire 100% of the property interests in Guangdong Nanhai Listed Company High-Quality Development Equity Investment Fund Partnership through issuing shares and paying cash, and to purchase 7.22% of the shares of Yuefeng Environmental held by Zhen Da Development with cash, so as to ultimately achieve 100% control over it. At the same time, it plans to raise supporting funds of no more than 1.2 billion yuan. Recently, the Foshan Nanhai District State-owned Assets Supervision and Administration Bureau approved and agreed to this transaction plan. This transaction still requires the completion of necessary decision-making procedures and the obtaining of approvals, and there are uncertainties. (Company Announcement)
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