China’s environmental protection laws and regulations require these dangerous waste materials to be treated by approved and qualified companies before they can be safely discharged, and Heze Yongshun is the only such firm that is qualified in the Shanxian area with a treatment capacity sufficient to meet China Sunsine’s demands.
The proposed acquisition will promote the group’s long-term sustainable growth and reduce its overall cost on waste treatment and disposal, said China Sunsine. Heze Yongshun has a paid-up capital of 20 million yuan. It owns a land area spanning some 143,334 square metres , buildings with a total gross floor area of about 14,350 sq m, auxiliary facilities, machinery and other assets.
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