Youyue acquires China green tech firm
This will be done by acquiring WYW Capital which owns Harbin Promlite
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IN a bid to branch out into sustainable development business, China-based packaging product manufacturer Youyue International has entered into a deal to acquire Chinese firm Harbin Promlite Energy Saving Technology Co Ltd.
This will be done through the full acquisition of Singapore-incorporated WYW Capital Pte Ltd, which holds the entire equity stake in Harbin Promlite.
The vendors are Youyue's controlling shareholder Zhao Lizhi and executive director Wang Yousheng.
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