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CTEG (01363) may buy hazardous wastes treatment business
CT Environmental Group (CTEG) (01363) said it
entered into three non-legally binding memorandum of understanding with the original 
shareholder of three target companies to purchase the entire equity interests of Guangzhou
Menghui Technology Company Limited, Guangzhou Jimei Environmental Protection Technology
Company Limited and 99% equity interests of Zengcheng Zhongling Chemical Plant Company 
respectively.
  The target companies are principally engaged in the treatment of copper etching fluid
which is being classified as a type of hazardous wastes within the National Hazardous
Waste Category Standard.
  The expected acquisitions are expected to expand the scale of operations of the Group in
the hazardous wastes treatment industry since the aggregate designed copper etching fluid
treatment capacity of the three target companies is 61,000 m3 per annum. It is also
expected to achieve synergy with the existing facilities of the Group.

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