SPICYD and China Coal Xi'an Design Engineering Co., Ltd. establish a joint venture company
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SPICYD and China Coal Xi'an Design Engineering Co., Ltd. jointly established a joint venture company, China Coal Southwest Environmental Technology Co., Ltd., with an initial registered capital of 5 million yuan, which can be increased to 120 million yuan later. SPICYD holds 49% of the shares, contributing 58.88 million yuan; China Coal Xi'an holds 51% of the shares, contributing 61.2 million yuan. The joint venture company will focus on flue gas treatment and water service concession businesses of China Coal Group and plans to expand into other related businesses
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