A subsidiary of China Water Industry Group plans to acquire the entire equity of Taiyuan Yuantong for 13.55 million yuan

Taiyuan Yuantong is a development and construction management service provider of biomass energy projects. The company’s business involves development and construction management of biomass energy projects; comprehensive utilization of landfill gas and product sales; mobile pressure vessel filling of compressed natural gas (methane gas). Recently, 100% of the shares were acquired by Shenzhen Xinzhongshui for 13.55 million yuan, and the post-investment valuation was 13.55 million yuan.

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