Shengyuan Environmental Protection (300867.SZ) plans to sell 100% equity of Shengze Environmental and Longhai Water for a price of 382 million yuan.

Shengyuan Environmental Protection (300867.SZ) announced that the company plans to sign an equity transfer agreement with Fujian Zhong Min Water Investment Group Co., Ltd. (referred to as "Zhong Min Water") and transfer 100% equity of Quanzhou Shengze Environmental Engineering Co., Ltd. (referred to as "Shengze Environment") and Fujian Shengze Longhai Water Co., Ltd. (referred to as "Longhai Water") held by the company for a total transaction price of 382 million yuan. After the transaction is completed, the company will no longer hold shares in Shengze Environment and Longhai Water. The announcement stated that Shengze Environment operates Baozhou domestic sewage treatment plant, Beifeng domestic sewage treatment plant, and Anxi domestic sewage treatment plant, all using the BOT business model. The treatment scale of the Baozhou sewage treatment plant is 150,000 tons/day, with the effluent water quality standard meeting Class IV surface water standard; the treatment scale of the Beifeng sewage treatment plant is 45,000 tons/day, with the effluent water quality standard meeting Class IV surface water standard; the treatment scale of the Anxi sewage treatment plant is 60,000 tons/day, with the effluent water quality standard meeting the primary A standard for urban sewage treatment plants. The announcement stated that the divestment of the domestic sewage treatment business in this transaction will help reduce management scope, achieve management focus, and concentrate on the development of the core health industry based on consolidating the existing main business, focusing on resources such as manpower, materials, and financial resources, with the core of raw material products taurine and its derivatives at the center of the development.