CHUNCHENG HEAT has completed the acquisition of several heating production assets from its controlling shareholder group
CHUNCHENG HEAT announced that it has completed the relevant agreements for the acquisition of certain heating production assets from its controlling shareholder group. All prerequisites have been met, and Target Asset One (excluding the target land) will be transferred to the company on October 31, 2025. From that date, the relevant rights, interests, and responsibilities will be transferred from Changre Group to the company. In addition, all prerequisites for Asset Transfer Agreements Two and Three have also been met, and the relevant acquisition matters will be completed on the same day
According to the announcement from Zhitong Finance APP, CHUNCHENG HEAT (01853) has announced that all the conditions precedent listed in Asset Transfer Agreement One regarding the group's acquisition of certain heat production assets from the controlling shareholder group have been fulfilled, and Target Asset One (excluding the target land) will be transferred to the company on October 31, 2025. From October 31, 2025, all rights, interests, and responsibilities associated with Target Asset One (excluding the target land) will be transferred from Changre Group to the company.
All conditions precedent listed in Asset Transfer Agreement Two and Asset Transfer Agreement Three have also been fulfilled, and the proposed acquisitions Two and Three will be completed accordingly on October 31, 2025. From October 31, 2025, all rights, interests, and responsibilities associated with Target Asset Two and Target Asset Three will be transferred from the controlling shareholder group to the group
