Chemical product manufacturer Yibin Tianyuan Group (SHE:002386) subsidiary Haifeng Hetai plans to sign a 12-month entrusted operation contract with related-party Boyuan Environment.
The 139.6-million-yuan deal covers the management of wastewater, gas and solid waste facilities at Haifeng Hetai, according to a Saturday filing with the Shenzhen bourse.
Boyuan Environment is 45%-owned by Yibin Tianyuan Group.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.