Shangfeng finished the first step of environmental protection after the acquisition of Yuxing Technology

Released time:2015-11-05Pageviews:32612

Since Zhejiang Shangfeng Industry Co.,Ltd got the approvement to buy Yuxing Technology Development ( Shenzhen) Co.,Ltd, Shangfeng announced that it has finished the asset transfer to Yuxing Technology on September 18.

The analysts pointed out that Yuxing Technology is the leading enterprise in domestic environmental monitoring industry. Shangfeng’s acquisition will speed up its environmental strategy. Combined with Yuxing Technology’s advantages in environmental monitor field, Shangfeng will build domestic first environmental platform of “software + hardware” with its own listing platform and years of high-end equipment manufacturing experience.

The transfer of the acquisition of Yuxing Technology has been completed.

On September 18, Shangfeng announced that it has finished the asset transfer to Yuxing Technology.

On August 6, Shangfeng announced that it will issue shares and raise cash of 1.7 billion to 100% buy Yuxing Technology. With the completion of the asset transfer, Yuxing technology will become a wholly owned subsidiary of Shangfeng.

Data show that since its inception in 2002, Yuxing technology has been focused on the field of environmental protection and water conservancy system applications and aims to become the whole chain service provider in the field of environmental protection and water conservancy by taking “ monitoring, governance, harmony and development” as strategic objectives.

After years of accumulation, Yuxing technology has become the industry leader in the field of monitoring. With the help of public praise and brand, it effectively promotes the market development of Yuxing technology in different business categories. At present, the brand image of Yuxing technology has been widely recognized: Yuxing technology successively obtained a series of honors, such as "2012 China environmental protection outstanding brand enterprise", 2013 "environmental engineering benchmarking enterprise" (cement denitration project), "Top ten brand suppliers in 2014 (CEMS, AQMS, WWMS, WQMS). Combined with new urbanization, Yuxing environmental protection project has been fully laid out in China. The environmental protection brand of Yuxing technology is becoming an important symbol of China's powerful engine and environmental protection.

Shangfeng finished the first step of environmental protection

The completion of asset transfer, Shangfeng has one more wholly-owned subsidiary, which remarks that Shangfeng has successfully entered into environmental protection field. Shangfei will become the only compant in China that has hardware and software and the provider that fully provide the overall environmental protection solution. The future of the company is immeasurable. As a comprehensive service leading enterprise in the field of environmental monitoring, with the strategic goal of monitoring, governance, harmony and development, Yuxing technology has gradually developed into a whole industry chain service provider in the field of environmental protection and water conservancy, which set up the brand image of monitoring, management and operation. In the next three years, Yuxing Technology will contribute at least 120 million yuan, 156 million yuan and 210 million yuan to the parent company, which will greatly improve profitability of the company and benifit more to investors.

The acquisition of Yuxing is the first step in the transformation of the company into the environmental protection industry, the relevant responsible person further said. In future, the company will give full play to its own deep more green energy accumulated rich experience and advantage in capital and capital operation, and use the space star science and technology leading position in the field of environmental protection, realizing 1 + 1 is greater than 2. At the same time, the listed company will continue to acquire the opportunity to purchase and restructure, excavate the high-quality environmental protection assets in the industry, extend the management and operation business, and build a comprehensive and large-scale environmental protection platform.