Tianjin Capital Advances in Water Recycling Asset Acquisition

Tianjin Capital Environmental Protection Group Co (HK:1065) has released an update.

Tianjin Capital Environmental Protection Group Co’s subsidiary, Water Recycling Company, plans to acquire assets from the Zhangguizhuang Water Recycling Plant Project for RMB218,005,256. This transaction with Tianjin Infrastructure Construction is categorized as a connected transaction under stock exchange rules, exempt from independent shareholder approval but subject to reporting requirements. The deal underscores Tianjin Capital’s strategic focus on expanding its environmental infrastructure capabilities.

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