Grandblue Environment (SH:600323) Zhong Guo Zheng Quan Bao·2025-06-04 21:29Core Viewpoint - The successful privatization acquisition of Yuefeng Environmental by Hanlan Environment marks a significant milestone in the environmental industry, with implications for market dynamics and the revitalization of the M&A landscape in China [1][2]. Group 1: Acquisition Details - Hanlan Environment announced the acquisition of Yuefeng Environmental for approximately HKD 119.5 billion, which is a major transaction in the environmental sector [1][2]. - The acquisition process involved multiple stages, including antitrust review and shareholder approval, and was supported by various government levels and regulatory bodies [2]. - The completion of the acquisition was officially announced on June 2, 2023, following the approval from the Grand Court of the Cayman Islands on May 20, 2023 [2]. Group 2: Industry Impact - The acquisition is expected to reshape the landscape of the environmental industry in China, particularly in the waste-to-energy sector, where Yuefeng is the largest player in Guangdong [3]. - Following the asset transfer, Hanlan Environment's daily waste incineration capacity will increase from 45,100 tons to 97,600 tons, positioning the company among the top three in the industry and the leading A-share listed company [3]. Group 3: Future Development Plans - Hanlan Environment plans to enhance organizational integration and operational synergy post-acquisition, focusing on various aspects such as location, operations, technology, and finance [4]. - The company is preparing for a five-year strategic development plan, leveraging the acquisition to strengthen its market position and drive high-quality growth [5]. - The acquisition will allow Hanlan Environment to consolidate resources and expertise, addressing challenges in the environmental sector and contributing to sustainable industry development [5].