# Shanghai Industrial Environment transfers Pinghu Dushan to subsidiary Shanghai Fudan

Shanghai Industrial Environment (00807) signed a share transfer agreement to transfer all shares of its wholly-owned subsidiary Pinghu Dushan Sewage Treatment Co., Ltd. to its indirect non-wholly-owned subsidiary Shanghai Fudan Water Engineering Technology Co., Ltd. for a total consideration of RMB 113 million.

- Type: Acquisition
- Announced: 2019-08-27
- Where: China
- Value: $15.8M (113.0M CNY)
- Status: announced
- Products: sewage treatment
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Shanghai Industrial Environment](https://endata.com/companies/36079.md)
- [Shanghai Fudan Water Engineering Technology](https://endata.com/companies/41613.md) (acquirer)
- [Pinghu Dushan Sewage Treatment](https://endata.com/companies/41614.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/231984.html), 2019-08-27: "建议重组事项的总代价为人民币1.13亿元"

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