Corporate Finance

Tsinghua takes a 29,8 % participation in Sound Environmental Resources

The public listed chinese company plans to gain in competitiveness and stimulate the growth of its environmental protection activity.

The public listed chinese company plans to gain in competitiveness and stimulate the growth of its environmental protection activity.


The participation Tsinghua has taken in Sound Environmental Resources (SER) is going to cost the firm $1bn. The purchase of the target’s shares, specialized in solid waste treatment, will be financed exclusively in cash. The offer only represents a 1,5 % premium compared to the stock’s closing price before the transaction announcement. As for the buyer, a public listed chinese company, it plans to enhance its competitiveness and stimulate the growth of its environmental protection activity.

Target advisor : financial : Zhong De Securities

F. S.

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