TS International Snapshots 2022

22

BDOTRANSACTION SERVICES

BDOTRANSACTION SERVICES

23

GERMANY

HONG KONG

Acquisition of Steinmüller Babcock Environment GmbH by Hitachi Zosen Inova AG

Hitachi Zosen Inova (HZI) is a global cleantech company that is active in the fields of energy from waste (EfW) and renewable gas. HZI has been a part of Hitachi Zosen Corporation, one of Japan's largest industrial and engineering companies, since 2010. The medium-sized company is part of the Japanese Nippon Steel Engineering Co, Ltd. – which is the second largest steel manufacturer in the world. Steinmüller Babcock Environment GmbH is known for creating, producing and maintaining cutting-edge technology for thermal waste treatment and flue gas cleaning. Steinmüller Babcock Environment has successfully launched many innovative products, such as the first industrial SCR (Selective Catalytic Reduction) large-scale plant in Europe, the Inconel cladding used in a Waste to Energy plant, and the world’s first water-cooled grate. BDO has provided services in the areas of Corporate Finance, Transaction Tax and Transaction Legal.

The BDO Transaction Services team in Hong Kong provided financial due diligence review services to Fujincheng Investment Holdings Co., Ltd ('Fujincheng') in connection with its acquisition of LKS Holding Group Limited (currently known as 'Standard Development Group Limited'), a listed interior renovation company based in Hong Kong (stock code: 1867).

Acquisition of LKS Holding Group Limited by Fujincheng

Fujincheng is a British Virgin Islands incorporated investment holding company.

Thank you for your work and timely follow up with

our request.

Ms. Wang Ruo Meng | Finance manager of Shandong Fujincheng

BDO contact for this transaction

BDO contact for this transaction

FRANK SCHOLL Partner frank.scholl@bdo.de

ERIC PAT Director

ericpat@bdo.com.hk KENNETHWONG Principal kennethwong@bdo.com.hk

INTERNATIONAL SNAPSHOTS 2022

INTERNATIONAL SNAPSHOTS 2022

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