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海螺水泥(00914.HK)拟收购海螺环保(00587.HK)更多股权

Conch Cement (00914.HK) plans to acquire more shares in Conch Environmental (00587.HK)

Gelonghui Finance ·  Jun 2, 2022 22:30

Gelonhui June 2 丨 Conch Cement (00914.HK) announced that the company is considering the possibility of acquiring Conch Environmental Protection (00587.HK)More shares. As of the announcement date, the company directly and indirectly through Conch Hong Kong held about 13.83% of the total issued share capital of Conch Environmental Protection.

As of the date of this announcement, the Group is the single largest shareholder of Conch Environmental Protection. It is now proposed that at the time of and after the potential acquisition (if realized), (i) the company, along with its subsidiaries and the company's concerted actors, will hold a total of less than 30% of the voting rights attached to all of Conch Environmental's issued shares, and (ii) Conch Environmental will be treated as a subsidiary of the Company, and Conch Environmental's financial results will be incorporated into the company's consolidated financial statements.

Since the main business of Conch Environmental Protection is to dispose of industrial solid and hazardous waste using cement kiln treatment technology, it has a high degree of synergy with the company's main cement business, and potential acquisitions can strengthen the Group's resource integration and industrial integration. Furthermore, the potential acquisition is in line with the goals of the national dual carbon policy. Anhui Province is currently making every effort to build a comprehensive green transformation zone for economic and social development, while Conch Environmental Protection is a leading enterprise in the field of environmental protection in Anhui Province. By leveraging the synergistic effects of the two industries, traditional cement kilns are combined with waste disposal to promote the circular transformation of green economic development, which has good economic and social benefits. By acquiring more shares in Conch Environmental Protection, the company develops emerging industries related to the cement industry, which is conducive to integrating resources and forming development synergies, and creating new industrial growth poles and profit growth points, which is of great strategic significance.

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