[Caihua News] Tianjin Chuangye Environmental Protection Co., Ltd. (01065-HK) announced that it was reviewed and approved by the board of directors on September 16, 2019. The company intends to provide a full guarantee for bank loans of no more than RMB 1435.8 million to Chibi Chuangye Water Co., Ltd., an indirect wholly-owned subsidiary of the company.
In November of last year, the company announced the signing of a project contract with the Chibi Urban Construction Bureau to implement the Chibi City Sewage Treatment Plant upgrade and expansion PPP project. The estimated total investment amount is about 205 million yuan.