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.
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