Zhongde Waste Technology AG Revises Earnings Guidance for the Year 2016 and Provides Earnings Guidance for the Year 2017
For the year 2017, the Management expects a positive impact from the sale of ZhongDe's subsidiary Chung Hua to the CAPITAL YIELD GROUP LIMITED in October 2016. The first tranche of the purchase price amounting to EUR 12.0 million was already paid. The remaining payment of around EUR 110.0 million is due until first quarter of 2017. Accordingly, The company anticipates a significant positive effect on the financial results in 2017.