# Shanghai-Hong Kong United sells He Tai Steel to Hong Kong Environmental Protection

Shanghai-Hong Kong United (01001) agreed to sell its wholly-owned subsidiary He Tai Steel Limited to Hong Kong Environmental Protection Group for HKD 15 million. He Tai Steel is engaged in the trading of recycled steel in Hong Kong.

- Type: Acquisition
- Announced: 2019-04-17
- Where: Hong Kong, Hong Kong SAR China
- Value: $1.91M (15.0M HKD)
- Status: announced
- Products: recycled steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Shanghai-Hong Kong United](https://endata.com/companies/38786.md)
- [Hong Kong Environmental Protection Group](https://endata.com/companies/38787.md) (acquirer)
- [He Tai Steel Limited](https://endata.com/companies/38788.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/197878.html), 2019-04-17: "于2019年4月17日，该公司全资附属Green Success Global Limited作为卖方与买方香港环保集团订立买卖协议，卖方以1500万港元向买方出售和泰钢铁有限公司全部股权。"

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