According to Hanlan Environmental's announcement, the company plans to purchase 100% of the assets of Guangdong Nanhai Company's High Quality Development Equity Investment Fund partnership through the issuance of shares and cash payment, purchase 7.22% of Yuefeng Environmental Protection shares held by Zhenda Development Co., Ltd. in cash, and ultimately achieve 100% control over Yuefeng Environmental Protection, and plans to raise supporting capital by issuing shares to no more than 35 specific investors. Recently, the company's merger and acquisition of 7.22% of Yuefeng Environmental Protection's equity project received a filing notice issued by the Guangdong Development and Reform Commission, and the project was filed. The transaction is still subject to necessary approvals, and there is uncertainty about whether it can be implemented.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.