Beijing China Sciences Runyu Environmental Technology Co., Ltd. (SZSE:301175) agreed to acquire 17.9487% stake in Longjing (Xiamen) New Energy Technology Co., Ltd. from Hebei Baozhong Environmental Protection Technology Co., Ltd for CNY 35 million on November 16, 2023. In related transaction Beijing China Sciences Runyu Environmental Technology is also acquiring 82.0513% stake from Longjing Energy Development Co., Ltd. Longjing (Xiamen) New Energy Technology Co., Ltd. reported Total assets worth CNY 707.3 million and Total Common equity of CNY 151.5 million on August 31, 2023. Beijing China Sciences Runyu Environmental Technology's board of director's approved the transaction.