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