本报记者 冯雨瑶 11月16日晚间，国家电投集团远达环保股份有限公司（以下简称"远达环保"）发布关于发行股份及支付 现金购买资产并募集配套资金暨关联交易的实施情况。 公告显示，本次交易的实施情况为，新增股份已于2025年11月12日在中国证券登记结算有限责任公司上 海分公司办理完毕股份登记手续，预计在限售期满的次一交易日在上海证券交易所上市交易。 同时，本次交易已履行全部所需的决策及审批程序，标的资产已过户登记至公司名下，远达环保现持有 五凌电力有限公司（以下简称"五凌电力"）100%股权、国家电投集团广西长洲水电开发有限公司（以 下简称"长洲水电"）64.93%股权。 实施重大资产重组 据介绍，本次交易由发行股份及支付现金购买资产和募集配套资金两部分组成。 本次交易前，远达环保的主营业务为能源生态融合业务，涵盖大气治理、工业及市政水处理、固危废处 理、矿山及土壤修复、"新能源+生态治理"等。本次交易后，远达环保的主营业务将新增水力发电及流 域水电站新能源一体化综合开发运营业务，主要为湖南省内水力发电、风力发电、太阳能发电业务以及 广西壮族自治区内的水力发电业务。 福建华策品牌定位咨询创始人詹军豪在接受《证券 ...

Core Viewpoint - The transaction involving the acquisition of assets and fundraising by Yuanda Environmental aims to transform the company from a single environmental engineering firm to a comprehensive platform integrating "environmental protection + electricity" [3][4][5] Group 1: Transaction Details - Yuanda Environmental has completed the issuance of shares and cash payment for asset acquisition, with the new shares expected to be listed on the Shanghai Stock Exchange after the lock-up period [1] - The transaction includes the purchase of 100% equity in Wuling Power Co., Ltd. for approximately 242.67 billion yuan and 64.93% equity in Changzhou Hydropower for about 29.12 billion yuan, totaling around 271.80 billion yuan [2] - The company plans to raise up to 5 billion yuan through a share issuance to no more than 35 qualified investors, with an issue price of 6.55 yuan per share [2] Group 2: Business Transformation - Following the transaction, Yuanda Environmental will expand its main business to include hydropower generation and integrated development operations in the energy sector, alongside its existing environmental services [3] - The acquisition signifies a strategic shift towards a dual-driven model of "environmental protection + electricity," enhancing the company's operational efficiency and market competitiveness [3][4] Group 3: Industry Implications - The merger and acquisition strategy aligns with national goals for high-quality capital market development and resource optimization, supporting the company's transformation and value creation [4] - The integration of hydropower assets is seen as a response to the growing demand for clean energy and environmental protection, positioning Yuanda Environmental favorably within the industry [5] - The combination of "hydropower + environmental protection" is viewed as a significant trend in the industry, potentially setting a new paradigm for large environmental enterprises [5]

Group 1 - The core viewpoint of the news is that Beijing Enterprises Ecological Environmental Group Co., Ltd. has received a "AAA" rating for its 2025 public issuance of renewable corporate bonds, indicating strong creditworthiness and operational sustainability [1] - The company is recognized for its leading position in the water industry, complete industrial chain, strong market synergy, and growth in operating income and gross margin, which enhance its profitability and credit strength [1] - The company has a high level of interest-bearing debt and faces challenges such as long repayment cycles for comprehensive water governance projects and pressure on engineering business expansion [1] Group 2 - Beijing Enterprises Ecological Environmental Group was established in 1999 and listed on the Shanghai Stock Exchange in 2000, with a strategic focus on the water industry since a partnership with Veolia Environment in 2001 [2] - The company has expanded its business to include solid waste treatment and air pollution control, forming a comprehensive layout across water, solid waste, air, and energy sectors [2] - In 2024, the company achieved a total operating revenue of 20.05 billion yuan [2]