China Environmental Investment has acquired Shanghai Shangju Enterprise Co
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.
Talk to the deal team
Related deals
Royal Reesink has sold Motrac Industries to Anders Invest
Royal Reesink and Anders Invest have completed the sale of Motrac Industries, a specialist in hydraulic and electrical engineering.
Learn moreÑaming, SL has been acquired by DeA Capital S.p.A.
Spain’s leading producer of sandwiches, fresh and ultra-fresh products, Ñaming, has sold a majority stake to Italian fund DeA Capital.
Learn moreUniKidz has partnered with Karmijn Kapitaal
Karmijn Kapitaal has acquired a majority stake in UniKidz, a talent development organization that provides a scientifically-based developmental approach through high-quality childcare. Through the partnership with Karmijn Kapitaal, UniKidz can take the next step in bringing their unique concept to even more children.
Learn more