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China Environmental Energy (00986.HK) intends to acquire the equity of Shandong Jufutang Biological Technology
Ch Env Energy (00986.HK) announced that on August 21, a non-legally binding memorandum of understanding was signed, to acquire some or all of the Shandong Jufutang Biomedical Technology shares held by an independent third party. It is expected that after the two parties reach an acquisition intention, they will leverage their advantages in the big health traditional Chinese medicine sector to carry out research and development and production of biomedical products such as snake venom anti-tumor or analgesic pharmaceuticals. The board of directors believes that the group is expected to benefit from the potential acquisition, helping to expand the supplier and customer base, and diversify its business portfolio.
China Environmental Energy (00986.HK) widened its losses to 18.51 million yuan for the whole year in Performance.
Ch Env Energy (00986.HK) released its financial results for the fiscal year ending in March, recording a revenue of 66.05 million yuan, a decrease of 3.5% compared to the previous year. Losses expanded from 14.46 million yuan to 18.51 million yuan, with a loss per share of 1.43 cents. No final dividend will be paid.
China Environment to Delist From Shenzhen Bourse on July 12
ch env energy (00986.HK) plans to explore water and cleaning products related products.
Ch Env Energy (00986.HK) stated that as water is one of the most commonly consumed products in the world, the group plans to expand its consumer product supply and explore water and washing care related products.
China Environmental Technology (00646.HK) completed the issuance of 29 million subscribed shares
China Environmental Technology (00646.HK) announced that according to the share subscription agreement of April 24, 2024, it will issue 29 million shares after completing the subscription for new shares under a general mandate.
China Environmental Technology (00646.HK) completed the issuance of a total of 29 million subscribed shares
China Environmental Technology (00646.HK) announced that all prerequisites for each subscription have been met, and both subscriptions were completed on April 30, 2024. According to the terms and conditions of Subscription Agreement A, a total of 4 million subscribed shares have been allocated and issued to Subscriber A at a subscription price of HK$0.500 per subscribed share. On the other hand, according to the terms and conditions of Subscription Agreement B, a total of 25 million subscribed shares have been allocated and issued to Subscriber B at a subscription price of HK$0.500 per subscribed share.
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