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AnnAik unit Anxon Environmental to buy stakes in Shanghai AngWei, ChangXing AngWei, Shuanglin for RMB 34.86 million

PUBT·07/31/2026 10:19:35
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AnnAik unit Anxon Environmental to buy stakes in Shanghai AngWei, ChangXing AngWei, Shuanglin for RMB 34.86 million
  • AnnAik’s unit Anxon Environmental agreed to buy minority stakes in three China wastewater businesses for RMB 34.86 million.
  • Deal lifts ownership to 88% in Shanghai AngWei, 88% in ChangXing AngWei, 81.6% in Shuanglin from 66%, 66%, 62%.
  • Consideration: Shanghai AngWei RMB 17.21 million, ChangXing AngWei RMB 5.08 million, Shuanglin RMB 12.57 million; funded by internal cash, bank borrowings.
  • FY2025 profit before tax: Shanghai AngWei RMB 12.23 million, ChangXing AngWei RMB 6.99 million, Shuanglin RMB 7.21 million.
  • Strategic aim is to increase consolidation of cash flows and earnings from the environmental business, strengthening asset value and financial position.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AnnAik Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: H93EVW83A16RETK7) on July 31, 2026, and is solely responsible for the information contained therein.