Leader Environmental has revealed that it is currently in “advanced negotiations” to enter into a joint venture (JV) with a local government in China’s Shandong province.

According to the statement, the company is said to be taking a 53.3% interest in said investment.

The total amount for the proposed investment is said to cost around RMB250 million ($51.5 million) and is expected to involve investments in two Transfer-Operate-Transfer (TOT) animal waste treatment and resource recovery facilities, as well as one Build-Operate-Transfer (BOT) sludge treatment plant.

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