Greentech Environmental Co., Ltd. (688466.SH) intends to acquire 100% equity of Tangshan Aierke Environmental Technology Co., Ltd. for 84.8 million yuan.

Greentech Environmental Co., Ltd. (688466.SH) announced that the company intends to acquire 100% equity of Tangshan Eric Environmental Technology Co., Ltd. (referred to as "Eric") from Ruineng Industrial Water Infrastructure Asia Limited Company. The company will pay a total consideration of 84.8 million yuan to Ruineng for the target equity. The consideration includes 54.8 million yuan in cash and new Water Island products worth 30 million yuan. The above-mentioned consideration is the pre-tax price. The implementation of this acquisition will promote the synergy of the company's upstream and downstream operations in the Nangang Economic Development Zone's "sewage treatment plant entrusted operation project," "sewage treatment plant upgrading project franchise operation project," and "sewage resource reuse project," thus improving management efficiency. The company values the development of overseas business and has used Water Island products as part of the transaction consideration to reduce cash outlays and facilitate the application of Water Island products in overseas markets, thereby enhancing the company's brand awareness in international markets.