City Development Environment Co., Ltd. completed the acquisition of Zhengzhou TUS Zero Carbon Technology Co., Ltd. from TUS ENVIRONMENTAL SCIENCE AND TECHNOLOGY DEVELOPMENT Co., LTD..
July 15, 2021
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City Development Environment Co., Ltd. (SZSE:000885) agreed to acquire Zhengzhou TUS Zero Carbon Technology Co., Ltd. from TUS ENVIRONMENTAL SCIENCE AND TECHNOLOGY DEVELOPMENT Co., LTD. (SZSE:000826) for CNY 1 billion on June 2, 2021. Zhengzhou TUS Zero Carbon Technology Co., Ltd. reported total assets of CNY 4.78 billion, total liabilities of CNY 3.53 billion, net assets of CNY 1.14 billion, revenue of CNY 476.61 million, operating profit of CNY 60.16 million and net profit of CNY 58.3 million for the year ended December 31, 2020. The transaction has been approved by board of TUS ENVIRONMENTAL SCIENCE AND TECHNOLOGY DEVELOPMENT Co., LTD. and is pending Shareholders' Approval.
City Development Environment Co., Ltd. (SZSE:000885) completed the acquisition of Zhengzhou TUS Zero Carbon Technology Co., Ltd. from TUS ENVIRONMENTAL SCIENCE AND TECHNOLOGY DEVELOPMENT Co., LTD. (SZSE:000826) on July 16, 2021. Recently, Zhengzhou TUS Zero Carbon Technology Co., Ltd. has completed the corresponding industrial and commercial change procedures and obtained the "Business License" renewed by the Market Supervision and Administration Bureau of Jinshui District, Zhengzhou City.
CEVIA Enviro Inc is a China-based company principally engaged in the investment, construction, operation and management of environmental and public utility projects. The Company operates primarily through four segments. The Environmental Protection Business segment is mainly engaged in solid waste treatment business, water treatment business, and provides environmental sanitation services and environmental protection solution integration services. The Expressway Business segment is mainly engaged in the comprehensive development and operation of expressways and the provision of expressway-related supporting services. The Infrastructure Business segment is mainly engaged in the construction of domestic waste incineration power generation projects, solid waste treatment and water pollution control projects. The Headquarters segment is engaged in other businesses.
City Development Environment Co., Ltd. completed the acquisition of Zhengzhou TUS Zero Carbon Technology Co., Ltd. from TUS ENVIRONMENTAL SCIENCE AND TECHNOLOGY DEVELOPMENT Co., LTD..
CEVIA ENVIRO INC. 
