Core Viewpoint - Beijing Oriental Garden Environment Co., Ltd. (Oriental Garden) announced two significant initiatives on December 16, marking a key step in its strategic transformation towards the renewable energy sector [1][3] Group 1: Acquisition Details - The acquisition will be conducted through a newly established entity, Oriental New Energy (Beijing) Enterprise Management Center (Limited Partnership), funded by Oriental Garden and its wholly-owned subsidiary [3] - The acquisition includes two transactions: one involves bidding for 100% equity of Haicheng Ruihai New Energy Wind Power Co., Ltd. at a base price of 14.1 million yuan, and the other involves acquiring 80% equity of Beijing Electric Investment Ruixiang New Energy Development Co., Ltd. [3] - Haicheng Ruihai focuses on distributed wind power, with a grid-connected capacity of 41 megawatts expected by June 30, 2025, while Electric Investment Ruixiang operates centralized wind farms and distributed photovoltaic power stations with a total grid-connected capacity of 761.62 megawatts across several provinces [3] Group 2: Strategic Transformation - The transaction aims to implement the company's restructuring plan by enhancing its renewable energy business, which includes investment, development, construction, and operation of photovoltaic and wind power projects [3][4] - Following its judicial restructuring completed by the end of 2024, Oriental Garden has successfully divested its traditional ecological and environmental protection business, establishing renewable energy as its core business [4] - The company reported a significant reduction in net profit loss to 2.0659 million yuan for the first three quarters of 2025, with net cash flow from operating activities reaching 66.7869 million yuan, a year-on-year increase of 170.84% [4]
东方园林大转型!收购新能源企业,证券简称将变更为“东方新能”