According to the Zhitong Finance App, Shanghai Industrial Environment (00807) issued an announcement. According to the share transfer of the group's subsidiary, the company indirectly holds 69.11% of its subsidiary Henan Shangshi Investment Co., Ltd. and 100% of its shares in Xiping Shangshi Water Co., Ltd. and Suiping Shangshi Water Co., Ltd. to its wholly-owned subsidiary Henan Huanghuai Water Co., Ltd.
After the equity transfer was completed, Xiping Shangshi and Suiping Shangshi became wholly-owned subsidiaries of Huanghuai Water. The share transfer is not expected to have a significant impact on the company's net tangible asset value per share and earnings per share for the financial year ended December 31, 2024.
In addition, the company indirectly holds 60% of its subsidiaries. Lianxi Water (Wuhan) Co., Ltd. (Lianxi Wuhan) has increased the registered share capital of Lianxi Water (Fengxin) Co., Ltd. (Lianxi Fengxin) from RMB 47.4 million to RMB 60.4 million.
The company indirectly holds 92.15% of its subsidiaries. Shanghai Fudan Water Engineering Technology Co., Ltd. acquired 20% of Fengxian Western Sewage Control Technology Industry Holdings Co., Ltd. in Shanghai at a price of RMB 34.6 million.
After the acquisition of Fengxian Western Sewage was completed, Fengxian Western Sewage became a wholly-owned subsidiary of Shanghai Fudan Water Engineering Technology Co., Ltd.