# Hui Neng Group acquires additional 13.25% stake in Synergy Cooling Management

Hui Neng Group, through its wholly-owned subsidiary Hui Neng Group Global Limited, acquired an additional 13.25% interest in Synergy Cooling Management Limited (SCML) for HKD 23.8 million, increasing its stake from 36.59% to 49.84%. The acquisition was completed on 2017-05-22.

- Type: Acquisition
- Announced: 2017-05-22
- Where: Hong Kong, Hong Kong SAR China
- Value: $3.05M (23.8M HKD)
- Status: completed
- Products: energy-saving air conditioning and refrigeration management services
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Hui Neng Group](https://endata.com/companies/24446.md) (acquirer)
- [Synergy Cooling Management Limited](https://endata.com/companies/24447.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/58739.html), 2017-05-23: "董事相信收购事项可进一步巩固集团作为一站式节能解决方案供应商的市场定位。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.