Jinyuan shares announced that Jinyuan Environmental Protection Development Co., Ltd. ( "Environmental Protection Development"), a subsidiary of the company, holds 60.00% of Tianhui Longyuan Environmental Protection Engineering Co., Ltd. Guannan Jinyuan Environmental Protection Technology Co., Ltd. ( "Guannan Jinyuan"), a subsidiary of the company, intends to participate in the auction of 40.00% equity of Tianhui Longyuan held by Ms. Xu Li, a shareholder of Tianhui Longyuan, through Taobao Judicial Auction Network Platform with its own funds. Guannan Jinyuan intends to participate in the auction of 40.00% equity of Tianhui Longyuan with no more than 17.736 million yuan. The base price of the transaction is RMB 12.32 million yuan.
The announcement said that Tianhui Longyuan is an environmental protection company for the integrated treatment and disposal project of cement kilns, with a project scale of 200000 tons per year of municipal sludge and 100000 tons per year of hazardous waste. At present, the project is running well, and the acquisition of equity is conducive to the overall interests of the company and has a positive impact on the sustainable development of the company in the future.
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