Moon Environment Technology Seeks to Acquire Additional 4% Stake in Huayuan Taimeng

Stock News07-06

Moon Environment Technology Co.,Ltd. (SHE: 000811) has announced plans to use its own funds amounting to 36.499252 million yuan to acquire a 4% equity stake in Huayuan Taimeng.

The stake is currently held by the minority shareholder Qingdao Hongta Innovation Equity Investment Partnership. Following the completion of this transaction, the company's ownership in Huayuan Taimeng will increase to 75.5%.

Huayuan Taimeng is a leader in the field of absorption heat exchange, focusing on industrial waste heat utilization, urban central heating, and evaporation crystallization. It represents a significant and integral part of the company's core business operations, with strong prospects for future growth and potential.

The increased stake post-transaction is expected to enhance the company's resource integration efficiency and strategic execution synergy. The company intends to fully leverage the collaborative advantages across its various business segments, implement coordinated planning, and accelerate the rapid development of its energy and power business to improve overall operational efficiency and results.

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