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.
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