Beijing Tianxu Hengyuan Energy-saving Technology Co Ltd. a wholly-owned subsidiary of China Environmental Investment Holdings Limited, has acquired the entire issued share capital of Shanghai Shangju Enterprise Co Ltd. for US$10.1 million.
China Environmental Investment Holdings Limited and its subsidiaries are engaged in the operation of compressed natural gas and liquefied petroleum gas refueling stations, light-emitting diode (LED) energy management contracts and provision of finance lease and loan services.
After this transaction, the company intends to occupy a substantial portion of the six adjacent properties in the Changning District for its own use as the new branch office of its LED business in Shanghai to gain access to a large pool of enterprise customers and management talent. Shanghai is China's commercial and financial center where many national and international enterprises are headquartered.
Oaklins' team in Hong Kong acted in a limited capacity as regulatory advisor to the buyer in this transaction, preparing and clearing the required regulatory announcements and shareholder circulars.
© 2019 Oaklins. All rights reserved. Oaklins is the collective trade name of independent member firms affiliated with Oaklins International Inc. For details of the nature of affiliation, please refer to www.oaklins.com/legal.