Gelonghui, December 30 | Shenshui Haina (300961.SZ) announced that the company (“Party A”) held the 15th meeting of the 3rd board of directors on December 30, 2024 to review and pass the “Proposal on Signing a PPP Project Company Equity Repurchase Agreement”, and agreed with the company and its holding subsidiary Changzhi Shenshui Water Service Co., Ltd. (“PPP Project Company” or “Ding Fang”) and Changzhi Tunliu District Jinyi Enterprise Incubation Management Co., Ltd. (“Changzhi Yijin” or “Party B” for short) and Tunliu District Jinyi Enterprise Incubation Management Co., Ltd. Management Committee (abbreviated as “Development Zone Management Committee” “Party C” or “Party C”) signed the “Shareholding (Social Capital Party) Repurchase Agreement for Changzhi Shenshui Water Co., Ltd.”
The company plans to transfer shares in PPP project companies in order to integrate resources, optimize asset structure, promote asset-light management strategies, and improve asset liquidity; the Development Zone Management Committee is arranged and deployed by the Tunliu District Government and plans to conduct equity repurchase negotiations with the company. Through agreement between the company, Changzhi Yijin, the Development Zone Management Committee, and the PPP project company, it is proposed to sign a repurchase agreement.
