◂ Announcements

Dec 18, 2019ACQUISITIONChina

Dongwu Cement to sell stake in Shanghai Biofit Environmental Technology

Dongwu Cement's subsidiary Xinhua Shanghai Investment Management plans to divest its 62.26% stake in Shanghai Biofit Environmental Technology Co for CNY 22 million ($3.14 million).

Value

$3.14M (22.0M CNY)

Status

Announced

Productsorganic wastewater and sludge treatmenturban organic waste treatment

CompaniesDongwu Cement Xinhua Shanghai Investment Management Co partner Shanghai Biofit Environmental Technology Co target

Sectors#Water Treatment Equipment

“The total consideration for the divestment is estimated at CNY22m (US$3.14m).”cemnet.com

1 source
cemnet.comDongwu Cement to sell stake in wastewater treatment companyDec 18, 2019

Summarized from public sources; check the original articles before acting on it.

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