Canature Health Technology (SHE:300272) subsidiary Shanghai Canature Water Purification Equipment terminated the purchase of assets from Shanghai Yuanyineng Intelligent Equipment Manufacturing.
The site for the transfer of assets did not meet environmental impact standards, leading to the termination of the sale of the equipment, the filing said.
The transaction would have seen Canature purchase assets from Yuanyineng, including raw materials such as central shaft positioning seats, and CNC fiber laser cutting machines and turning centers, worth 16.3 million yuan, according to a Wednesday disclosure with the Shenzhen bourse.
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