ShenZhen GAD Environmental Technology Co., Ltd. entered into an agreement to acquire Jiangxi Runzong Construction Engineering Co., Ltd. from Jiangxi Shushun Construction Co., Ltd. for CNY 28 million.
July 11, 2022
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ShenZhen GAD Environmental Technology Co., Ltd. (SZSE:300854) entered into an agreement to acquire Jiangxi Runzong Construction Engineering Co., Ltd. from Jiangxi Shushun Construction Co., Ltd. for CNY 28 million on July 11, 2022. On the transfer completion date, the Company will pay CNY 25 million. After the completion of the transfer, Jiangxi Province will issue a letter for Jiangxi Runzong Construction Engineering Co., Ltd.'s first-class qualification for general contracting of municipal public works construction, and on the day when the Company submits the information on Jiangxi Runzong Construction Engineering Co., Ltd.'s first-level general contracting qualification for municipal public works construction on the platform system of the three warehouses and one platform of the Guangdong Provincial Department of Housing and Urban-Rural Development, the Company will pay CNY 3 million.
GAD Environmental Technology Co Ltd is a China-based company engaged in the research and development of solid waste pollution control technology and applied to the construction and operation of pollution control system. The Company's main business scope covers pollution isolation system, ecological environment restoration, renewable resource utilization and comprehensive operation of landfill. The pollution isolation system includes base anti-seepage isolation system, flexible floating membrane anti-seepage isolation system and rigid anti-seepage isolation system. The ecological environment restoration business is mainly applied to the domestic waste landfills to be closed and industrial pollution sites. The renewable resource utilization business is mainly landfill gas power generation business. The comprehensive operation of landfill business mainly includes zoning operation of the landfill, temporary covering, rainwater and sewage diversion, slope restoration, etc.
ShenZhen GAD Environmental Technology Co., Ltd. entered into an agreement to acquire Jiangxi Runzong Construction Engineering Co., Ltd. from Jiangxi Shushun Construction Co., Ltd. for CNY 28 million.