Fulongma (603686.SH) plans to acquire 100% equity of Huanhai Environmental Protection for 257 million yuan to integrate equipment business industry chain resources.

Zhitong Finance APP News, Fulongma (603686.SH) announced that the company intends to acquire 100% equity of Fujian Huanhai Environmental Protection Equipment Co., Ltd. (referred to as "Huanhai Environmental Protection") by cash payment, with a transaction consideration of 257 million yuan. Among them, the counterparties to this transaction include non-related parties of the company, Fujian Huanhai Investment Real Estate Co., Ltd., Wang Donghai, Liu Zhika, Zhao Lingbing, Jiang Dingyi, Lin Ruchun, Zhang Yanchai, and Lin Rongqing, who collectively hold 93.8462% equity, and related parties Zhang Guizhou, Zhang Xiaolan, and Zhang Xiaoxia, who collectively hold 6.1538% equity. The source of funds is own funds and self-raised funds. After the completion of this acquisition, the target company will become a wholly-owned subsidiary of the company.