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Huaguang Environment & Energy Sells Unit for 134 Million Yuan

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Wuxi Huaguang Environment & Energy (SHA:600475), through subsidiary Wuxi Guolian Environmental Technology, plans to offload its entire 100% interest in its unit, Wuxi Huilian Green Ecological Technology for a consideration of 134.3 million yuan, according to a Shanghai bourse filing on the weekend.

The Chinese environmental protection services provider's shares jumped 4% at the close of Monday's trade.

Huilian Green EcoTech operates and manages the Taihu Lake blue-green algae treatment projects.

Wuxi Guolian Industrial Investment Group is the buyer of Huilian Green EcoTech.

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