CITIC Envirotech to acquire 60% stake in CITIC Qingyuan for 378 million yuan

CITIC Envirotech Ltd is acquiring a 60% stake in CITIC Environment (Qingyuan) Technology Development Co Ltd for 378 million yuan. CITIC Qingyuan provides water, steam, electricity, and wastewater treatment services to a textile industrial park in Qingyuan, Guangdong.

“The acquisition of a fully-integrated project to provide water, wastewater treatment, steam and power generation is in line with its key strategic thrust to embark on the Circular Economy initiative.”businesstimes.com.sg

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• businesstimes.com.sgCITIC Envirotech to acquire 60% stake in CITIC Qingyuan for 378m yuan - The Business TimesSep 6, 2017

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