TC

22/08/2019 16:01

Canvest Env (01381) to set up JV for waste-to-energy project

[ET Net News Agency, 22 August 2019] Canvest Environmental Protection Group Company
Limited (01381) said its subsidiary Canvest Environmental Investment has entered into a JV
agreement with SIIC Environment Tech. They agreed to establish a JV company, which will be
principally engaged in the investment, construction and operation of the waste-to-energy
(WTE) project located in the Yangtze River Delta region.
The registered capital of the JV company shall be HK$30 million. The company shall
contribute HK$9 million in cash towards the registered capital of the JV company and hold
30% of the equity interest in the JV company. (RC)

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