Nanjing Iron & Steel Co., Ltd.: to acquire Baizhong Environment and develop the environmental industry

Baizhong Environment is a comprehensive service provider of environmental management, dedicated to providing high-standard municipal sewage and refractory industrial wastewater treatment, rural sewage treatment, water supply, seawater desalination, sludge disposal, watershed management, sponge city and soil remediation planning and construction and operation services. Recently, Nanjing Iron and Steel intends to purchase 199 million shares of Bozhong Environment held by Nanjing Nangang Iron and Steel United Co., Ltd. in cash, accounting for 53.57% of its total share capital, and the transaction amount is 2.175 billion yuan.

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