Josab Water Solutions signs term sheet to acquire Clear Industry Co. Ltd.

Josab Water Solutions AB has signed a term sheet to acquire 100% of the shares in Clear Industry Co. Ltd., a Hong Kong holding company with subsidiaries in China focused on kitchen waste and industrial wastewater treatment. The purchase price is based on 10x guaranteed average annual profit over 24 months, potentially up to 125 million RMB.

“Efter en längre tids utvärdering av flertalet förvärvskandidater är vi glada över att ha fått möjlighet att förvärva miljöbolaget Clear Industry, främst verksamt inom den mycket expansiva kinesiska matavfallsindustrin.”news.cision.com

• 1 source
• news.cision.comJosab signerar ett Term Sheet avseende bolagsförvärv i Hong Kong/Kina - Josab Water Solutions AB (publ)Jul 30, 2020

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