Core Viewpoint - The company, Jinglian Group, has acquired 100% equity of Guangdong Fengxin Water Conservancy and Hydropower Engineering Co., Ltd., enhancing its presence in the Chinese engineering sector [1] Group 1: Acquisition Details - The acquisition of Guangdong Fengxin has been completed, with all necessary transfer and registration procedures finalized [1] - Guangdong Fengxin holds essential qualifications for engineering operations in China, including a Level 3 General Contracting Certificate for Construction Engineering and a Level 3 General Contracting Certificate for Electric Power Engineering [1] - The target company is in the process of upgrading its construction and electric power engineering certificates to Level 2 [1] Group 2: Strategic Implications - This acquisition aligns with the company's long-term development strategy to expand its engineering business in China [1] - The integration of Guangdong Fengxin is expected to enhance the company's market competitiveness and improve its profitability [1] - The financial performance of Guangdong Fengxin will be consolidated into the group's financial statements, contributing to greater value creation for shareholders [1]
景联集团(01751.HK)完成收购广东枫鑫100%股权