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Beijing Evolution Tech: 200 Million RMB Merger and Acquisition Accomplished

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2011-08-02 17:36 


Puji Capital facilitated transnational M&A of large-scale water recycling company for private enterprises

SHANGHAI, Aug. 2, 2011 /PRNewswire-Asia/ — Recently Puji Capital successfully facilitated a RMB200 million (US$31 million) cross-border M&A transaction in Beijing Evolution Tech, a benchmark company in the urban environmental water sector in China.

Beijing Evolution Tech Company owns over 30 kinds of water treatment technology and is one of the key enterprises in the China urban water treatment industry. Since 2009, the company has repeatedly increased its holdings in HanKore Environment Tech Group Limited through Giant Delight Holdings, its foreign owned subsidiary. HanKore, a strategic planning provider of urban environmental resources and water treatment technology, with operations in over 10 mainland China cities, was officially listed on the main board of the Singapore Stock Exchange. Affected by the global financial crisis, HanKore’s price plunged dramatically, allowing Beijing Evolution Tech to take advantage of the low price and become a substantial strategic shareholder. This new round of funding will be appropriated to technological advancement and marketing expansion across China’s metropolitan areas.

Gwendoline Li, partner of PUJI Capital, stated, “The success of this merger and acquisition contributes to HanKore’s sufficient working capital and affirms its market value, validating the international maturity of capital management within China’s environmental water industry.” Furthermore, the M&A transaction is testament to Puji’s effectiveness in promoting international M&A transactions for Mainland China private companies.


SOURCE Puji Capital

Written by asiafreshnews

August 4, 2011 at 2:58 pm

Posted in Business & Finance