China Resources and Environment Co.,Ltd. entered into an agreement to acquire Ningxia Yineng Solid Waste Resource Development Co., Ltd. from China Resource Reuse Corporation, Ltd. for approximately CNY 180 million.
June 07, 2021
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China Resources and Environment Co.,Ltd. (SHSE:600217) entered into an agreement to acquire Ningxia Yineng Solid Waste Resource Development Co., Ltd. from China Resource Reuse Corporation, Ltd. for approximately CNY 180 million on June 7, 2021. Ningxia Yineng Solid Waste Resource Development Co., Ltd. reported total assets of CNY 308.63 million, total liabilities of CNY 223.85 million, net assets of CNY 84.78 million, operating profit of CNY 30.6 million and net profit of CNY 27.89 million for the year ended December 31, 2020.
Zhongzai Resources and Environment Co., Ltd., formerly Shaanxi Qinling Cement (Group) Co., Ltd. is a China-based company principally engaged in the development, recycling, processing and sale of available resources. The Company is also involved in the wholesale of general merchandise, knitwear, daily groceries, furnitures, hardware, chemical products, construction materials, mineral products, as well as plastic products, among others. The Company mainly operates its business in domestic market.
China Resources and Environment Co.,Ltd. entered into an agreement to acquire Ningxia Yineng Solid Waste Resource Development Co., Ltd. from China Resource Reuse Corporation, Ltd. for approximately CNY 180 million.
CHINA RESOURCES AND ENVIRONMENT CO.,LTD. 