Environmental Services & Equipment
Xiamen Savings Environmental Co Ltd:To invest 60 million yuan to set up a wholly owned subsidiary in Xiamen.The new subsidiary to be engaged in international freight forwarders, domestic freight forwarders and other warehousing business.
Shanghai Safbon Water Service Co Ltd:A Shanghai-based wholly owned subsidiary to set up a wholly owned sub-subsidiary named SafBon Environmental AB with registered capital of 50,000 Swedish crown in Sweden.The sub-subsidiary to be engaged in industrial investment.
Shanghai Safbon Water Service Co Ltd:To set up a wholly owned subsidiary with registered capital of 1 million yuan in Shanghai Free Trade Zone.The subsidiary to be engaged in investment management and import and export of goods and technology.
CITIC Envirotech Ltd:Says Company's wholly-owned subsidiary, United Envirotech Water Resource Pte Ltd has incorporated a subsidiary in Jakarta, Indonesia.Says the 70% owned subsidiary, known as PT CITIC Envirotech Indonesia (PT CEI), has an initial paid up capital of $600,000.PT CEI will be the main vehicle for the Company's water business in Indonesia.Says capital injection is funded by the Company's internal resources.Says that above investment has no material effect on the net tangible assets per share or earnings per share of the Company for the financial year ending 31 December 2015.
Arc Aroma Pure AB:Has carried out a spin-off of the market segment biogas to bioCEPT Sweden AB.Biocept Sweden AB is a wholly owned subsidiary to be primarily responsible for the global marketing of bioCEPT mainly against biogas industry.Biocept Sweden AB has been formed through Arc Aroma Pure acquiring Henriksson and Consulting Partners AB (HKAB).Purchase price amounts to 300,000 Swedish crowns.
Sound Environmental Resources Co Ltd:To use 500 mln yuan to set up a wholly owned renewable resources subsidiary, in Tianjin.
Sound Environmental Resources Co Ltd:Hubei-based water subsidiary to use 10 mln yuan to set up a wholly owned water subsidiary, in Hefeng, Hubei, for sewage treatment project.