Leader Environmental has revealed that it is currently in “advanced negotiations” to enter into a joint venture (JV) with a local government in China’s Shandong province.
According to the statement, the company is said to be taking a 53.3% interest in said investment.
The total amount for the proposed investment is said to cost around RMB250 million ($51.5 million) and is expected to involve investments in two Transfer-Operate-Transfer (TOT) animal waste treatment and resource recovery facilities, as well as one Build-Operate-Transfer (BOT) sludge treatment plant.
SEE:Leader Environmental Technologies seeks to raise up to $80.0 mil in placement agreement
In addition, the proposed investment is said to involve investments in one Operation and Maintenance (O&M) contract.
Leader Environmental says it is also assessing other opportunities in BOT sludge treatment projects in Shandong and Hebei amounting to a total investment quantum of up to RMB510 million.
In greentech investments, the company is exploring investment opportunities in environmental technology companies focusing on smart energy management and intelligent underground pipe detection and repairs.
Shares in Leader Environmental closed flat at 10.9 cents on May 3.
