Companies

Beijing Oriental Landscape Ecology to acquire 2 water processing firms

BEIJING
2015-12-04 19:48

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Beijing Oriental Landscape Ecology Co. Ltd (002310.SZ) announced on Friday that the company plans to acquire two water processing companies for nearly 1.3 billion yuan.

The company plans to spend 950 million yuan purchasing Zhongshan Environmental Protection Industry Co. Ltd and 324.6246 million yuan acquiring Leeyawater. Beijing Oriental Landscape Ecology Co. Ltd will issue 34.6268 million shares at 20.97 yuan/share to the owners of the two water processing companies and pay 548.5 million yuan in cash.

In addition, the company plans to issue 37.743 million shares at 27.78 yuan/share in private placement to raise a maximum of 1.0485 billion yuan.

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