Financials, Automotive, Technology Sep 27, 2021 06:19 PM (GMT+8) · EqualOcean
Financial Associated Press, September 27 (Xinhua) -- according to the announcement of venture environmental protection, the Wendeng sewage treatment plant affiliated to Wendeng venture water Co., Ltd. ("Wendeng company"), a wholly-owned subsidiary of the company, needs to carry out advanced treatment and upgrading of Wendeng sewage treatment plant as soon as possible to ensure that the effluent quality of the sewage plant is better than class a standard due to environmental protection needs such as improving river water quality. After consultation with the government, Wendeng sewage treatment plant advanced treatment upgrading and reconstruction project adopts BOT mode, and Wendeng company continues to be the project company to implement the construction, operation management and handover of the project. The total investment of the project is expected to be RMB 23.7579 million, and the project capital is calculated as 30% of the total investment of the project, which is RMB 7.1274 million. It is proposed to be solved by the company's capital increase to Wendeng company. After the capital increase, Wendeng company is still a wholly-owned subsidiary of the company.