Denghu Law Firm provides specialized legal services for Guangdong Shunkong Development Co., Ltd.'s acquisition of a sewage treatment plant project

Guangdong Shunkong Development Co., Ltd. (referred to as 'Shunkong Development') is a state-owned listed enterprise specializing in comprehensive urban environmental services (listed on the Shenzhen Stock Exchange in 2021 (stock code: 003039)). The company's mission is to 'serve the environment, people's livelihood, and the future', relying on the company's long-term advantages in brand, technology, talent, and operation, to build a comprehensive and multi-level environmental protection service system, provide ecological environment service solutions for urban upgrading, and strive to develop into an excellent comprehensive urban environment service provider in China. It is rated as a 'Double Hundred Enterprise' by the State owned Assets Supervision and Administration Commission of the State Council and the highest level 'benchmark' in the special evaluation results in 2023.

In order to enhance the scale and operational capacity of sewage treatment business, comprehensively promote the external expansion, collaborative integration, and scale empowerment of environmental protection business, Shunkong Development has launched the acquisition of Jun'an Sewage Treatment Plant, namely Huifengyuan Environmental Protection Engineering Management Co., Ltd. in Shunde District, Foshan City.

Guangdong Denghu Law Firm is honored to provide specialized legal services for the acquisition of Guangdong Shunkong Development Co., Ltd. This project adopts a step-by-step acquisition method and lasted for more than a year, aiming to complete the 100% equity acquisition of Huifengyuan Environmental Protection Engineering Management Co., Ltd. in Shunde District, Foshan City.

Guangdong Denghu Law Firm has assigned Director Meng Xiaojun and other lawyers to form a professional service team to provide specialized legal services for the acquisition project of Guangdong Shunkong Development Co., Ltd., including but not limited to conducting scheme argumentation and transaction negotiations, due diligence, issuing legal 'due diligence reports' and legal opinions, attending special meetings related to equity investment, drafting and reviewing all legal documents related to the acquisition, assisting in the implementation of the acquisition plan (such as equity transfer registration), etc.

After more than a year, the acquisition work has been successfully completed. At the same time, Denghu Law Firm is also providing specialized legal services on labor and employment compliance for relevant sewage treatment plants after the acquisition of the controlling stake project by Shunkong Development, and will continue to provide legal services for Shunkong Development. We are well aware that this acquisition is a new starting point, and there are more challenges and opportunities waiting for us in the future. However, we are confident that with the experience and resources accumulated from this acquisition, we can create greater economic and legal value for our customers.