Shenling Environmental Subsidiary Completes Business Registration Following Acquisition; Shares Rise 3%
Guangdong Shenling Environmental Systems (SHE:301018) subsidiary Tianjin Shenling HVAC Equipment completed its business registration following its acquisition by the listed company, according to a Monday after-hours filing with the Shenzhen bourse.Shenling Environmental purchased 100% of the HVAC company for 7.2 million in a bid to streamline the listed company's management levels.Shares rose 3% during afternoon trading on Tuesday.