Tianjin Environment Construction Investment Company Limited agreed to acquire Tianjin Taihuan Recycling Resources Utilization Co., Ltd. from Tianjin Teda Co., Ltd. (SZSE:000652) and Tianjin Teda Environmental Protection Co., Ltd. on June 4, 2021. Tianjin Environment Construction Investment Company Limited signed the contract to acquire Tianjin Taihuan Recycling Resources Utilization Co., Ltd. from Tianjin Teda Co., Ltd. and Tianjin Teda Environmental Protection Co., Ltd. recently for approximately CNY 220 million. Tianjin Environment Construction Investment Company Limited will pay Tianjin Teda Co., Ltd. and Tianjin Teda Environmental Protection Co., Ltd. CNY 21.6 million and CNY 195 million respectively. Tianjin Taihuan Recycling Resources Utilization Co., Ltd. was up for sale and Tianjin Environment Construction Investment Company Limited was the only bidder.