Kingland Technology Co. (000711.SZ) announced that it planned to acquire 21 percent stake in Zhongke Dingshi Environmental Engineering Co. for about 303 million yuan, the Xinhua-run Shanghai Securities News reported.
Zhongke Dingshi is mainly engaged in environmental restoration engineering services and has strong advantages in soil remediation business.
Zhongke Dingshi’s consolidated net profit in 2018, 2019, and 2020 will be at least 400 million yuan, and the company’s net profit attributable to the parent company after deducting non-recurring gains and losses will be not less than 90 million yuan.
Latest comments