CT Environmental Group Limited (SEHK:1363) entered into non-legally binding memorandum of understanding to acquire 100% stake in Guangzhou Menghui Technology Company Limited and Guangzhou Jimei Environmental Protection Technology Company Limited and 99% stake in Zengcheng Zhongling Chemical Plant Company on February 9, 2018. The parties will enter into a formal sale and purchase agreement within 60 days from the date of memorandum of understanding. CT Environmental Group Limited (SEHK:1363) cancelled the acquisition of 100% stake in Guangzhou Menghui Technology Company Limited and Guangzhou Jimei Environmental Protection Technology Company Limited and 99% stake in Zengcheng Zhongling Chemical Plant Company on February 9, 2019.