China Everbright Greentech Ltd has announced that it has concluded the acquisition of a 90% equity stakes in Jiangsu Jiayuan Environmental Technology Company Ltd for a total consideration of CNY180 million (US$26.21 million).

Located in Suzhou and Wuxi markets, Jiangsu Jiayuan is an environmental protection company that focuses on resource recycling, with a long-term commitment to integrated recycling and harmless disposal of solid waste relating to a printed circuit board (PCB) in the Yangtze River Delta region. Its core business covers the disposal and reuse of industrial hazardous waste, such as copper-containing sludge and etching waste liquid that is generated from PCB. 

In terms of processing capacity on an annual basis, Jiangsu Jiayuan is capable of processing 65,000 tonnes of copper-containing etching waste liquid, 10,000 tonnes of tin stripping waste liquid, 12,000 tonnes of nickel-containing etching waste liquid and 60,000 tonnes of heavy metal-contaminated sludge. Overall, the acquisition will enhance Everbright Greentech’s annual hazardous waste processing capacity by 183,000 tonnes.