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Shenling Environment: Acquires 100% equity interest in its wholly-owned subsidiary for RMB 718.05 million yuan

K-LinePoet
Shenling Environment announced that the company will use its own funds of RMB 7.1805 million to acquire 100% of the equity interests in its wholly owned subsidiary Tianjin HVAC held by its wholly owned subsidiary, Shenling Commercial. After the transaction is completed, Tianjin HVAC will become a wholly owned subsidiary of the company. This acquisition is intended to integrate business operations, reduce management layers, and meet the company’s strategic development needs. The transaction does not constitute a related-party transaction or a major asset restructuring, has been approved by the general manager, and does not require submission to the board of directors or the shareholders’ meeting for deliberation.
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