# Weiming Environmental to acquire Yongjia Sewage Treatment for CNY 48M

Weiming Environmental Protection Co., Ltd. (603568.SH) announced plans to acquire 100% of Yongjia Weiming Sewage Treatment Co., Ltd. from its controlling shareholder Weiming Group and shareholder Wenzhou Jiawei Industrial for CNY 48 million. The acquisition aims to extend the company's environmental business scope.

- Type: Acquisition
- Announced: 2023-04-10
- Where: Yongjia County, Zhejiang, China
- Value: $7.00M (48.0M CNY)
- Status: announced
- Products: sewage treatment services
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Weiming Environmental Protection](https://endata.com/companies/68621.md) (acquirer)
- [Yongjia Weiming Sewage Treatment](https://endata.com/companies/69633.md) (target)
- [Weiming Group](https://endata.com/companies/69634.md) (partner)
- [Wenzhou Jiawei Industrial](https://endata.com/companies/69635.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/908356.html), 2023-04-10: "本次收购永嘉污水100%股权，有助于扩大公司环境治理业务规模，增加公司收入和利润，减少关联交易。"

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