Complant Corporation makes a strategic investment in Singapore-based Tialoc Group, embarking on a new phase of development in the “Belt and Road” Initiative project
On 21 December 2021, China National Complete Plant Import & Export Corporation Limited (the "Listco"), via its designated wholly-owned subsidiary in Hong Kong SAR, purchased from a wholly-owned Hong Kong SAR subsidiary of China National Complete Plant Import & Export Group Corporation Limited (the "Complant Group") 30% of its shareholding in Tialoc Singapore Pte. Ltd. for a consideration of RMB378.9 million, and obtained the voting rights of its remaining shareholding by way of an entrustment arrangement. The purpose of this project is to enhance the profitability of the Listco, maximize shareholders’ interests, achieve the strategic transformation of the Listco into the environmental protection industry, and further strengthen the competitive advantage of the company.
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