QINGYAN ENVIRONMENT plans to participate in the auction for a 51% stake in Fujian Tonghai Nickel Industry

According to the Zhitong Finance APP, QINGYAN ENVIRONMENT (301288.SZ) announced that the company intends to participate in the judicial auction for 51% equity held by Shenzhen Zhenghe Environmental Technology Co., Ltd. (hereinafter referred to as "Shenzhen Zhenghe Environment") in Fujian Tonghai Nickel Industry Technology Co., Ltd. (hereinafter referred to as "Fujian Tonghai Nickel Industry" or "target company"), with a starting price of 39.6341 million yuan.

Fujian Tonghai Nickel Industry belongs to the comprehensive utilization of waste resources industry, mainly engaged in the treatment and recycling of nickel-containing waste, forming nickel-iron alloy products. It is one of the largest resource utilization enterprises for hazardous waste disposal in Fujian Province. The company has obtained a hazardous waste operation license, with an approved disposal capacity of 113,300 tons/year, and the approved waste collection scope covers 6 major categories and 26 subcategories.

The decision to participate in the equity auction is a strategic decision made by the company based on the following considerations: First, it is conducive to expanding the company's business layout in the environmental protection industry, extending into the resource recycling field, and forming a synergistic effect with the existing sewage treatment business; Second, the nickel-iron alloy recycling industry has characteristics such as strong resistance to cyclical fluctuations, stable cash flow, and broad market space, which aligns with the company's strategic development direction; Third, the target company, as a regional industry leader, has a good industrial foundation and development prospects