On December 14, 2017, Dynagreen Environmental Protection Group signed a share transfer agreement with Lvyi (Huludao) Environmental Service Co., Ltd (hereinafter referred to as “Lvyi Environmental Service”). According to the agreement, Dynagreen Environmental Protection Group will acquire 80% stake in Lvyi Environmental Service at the cost of RMB90 million. Yue Peng (Chairman of BSAM), Zhi Jun (President of BSAM), Qiao Dewei (President of Dynagreen Environmental Protection Group), Sun Yi (Secretary of the CPC Huludao Municipal Committee), Fan Jie (Chairman of Lvyi (Huludao) Environmental Service Co., Ltd) and other leaders and related personnel attended the signing ceremony.
According to Chairman Yue Peng, as a new business of BSAM environmental protection segment, Huludao Hazardous Waste Disposal Project is an important turning point and a new starting point for Dynagreen Environmental Protection Group to tap into solid waste disposal sector comprehensively. Huludao Hazardous Waste Disposal Project will be built in accordance with high standards and strive to emerge as a first-class demonstration project in the industry and in international realm. This project will surely make a positive contribution to the sustainable and sound development of Huludao and other cities of the Northeast China. Secretary Sun Yi promised that the CPC Huludao Municipal Committee and Huludao Municipal Government would fully support the project construction and look forward to investment and cooperation with BSAM in a broader arena.