Ever since it completed its acquisition of IST in 2015, Everlast Environmental has formed a complete industrial chain in the field of soil remediation, covering R & D, design and repair of pharmaceutical production to all aspects of construction. If successful completion of the acquisition of McMillan-McGee Corp (Hereinafter referred to as MC2) 51% stake acquisition, Yongqing environmental protection will grasp the basic is still in the blank phase of organic matter in situ thermal repair technology. According to the morning news from Yongqing Environmental Protection Co., Ltd., the Company has signed a letter of intent to acquire a 51% stake in MC2 with a majority shareholder of MC2. The transaction price initially totaled CAD $ 30.6 million (approximately RMB15,503.7250 million). MC2 initial value of the entire enterprise set at 60 million Canadian dollars, Yongqing Environmental Protection is conducting due diligence and other work. Bruce CW McGee, CEO of MC2, currently holds 296.67% of MC. COO of MC2 Mr. Brent Winder holds a 3.33% equity interest in MC2. Yongqing environmental think organic in situ thermal repair technology has great prospect of engineering application, in view of the mastery and application of the technology, at present the basic is still in the blank stage. The company intends to acquire a 51% stake in MC2 and the introduction of ET-DSPTM, a unique and innovative thermal repair technology, will greatly enhance the company's technological capabilities for in-situ remediation of organic pollutants and continue to enhance the Company's ability in the field of industrial site remediation Core competitiveness, to solve the problem of lack of in situ repair technology in China. Following the successful bid of 79.95 million yuan in the first quarter of Changsha City, Wangcheng District, Changsha City heavy metal pollution of cultivated land repair project, became the first farmland restoration project of listed companies, in June the company won the bidding Xuzhou Universal Coking Plant contaminated site repair project, the amount of 4500.42 Million; Dalian pesticide plant contaminated soil repair project, the contract amount of 2010 yuan. In addition, the company has also successively undertaken the soil site survey projects in Shenzhen, Shanghai and the United States, taking an important step toward entering the soil governance market in these areas. The company intends to acquire MC2, an engineering company in Canada that provides customers with in-situ thermal repair equipment and services. It is the inventor and owner of ET-DSPTM technology and has exclusive royalty-free licenses worldwide for use In-situ thermal repair technology right. It is understood that MC2 has been using the unique and innovative thermal repair technology of ET-DSPTM to carry out the global soil remediation project in North America, South America and Europe. Typical projects include the world's largest electric heating principle remediation project North Carolina State Road Dahl # 1760 Site Pollution Rehabilitation Project, Grant Super Fund Rehabilitation Project and Yang-Rayney STAR Center Site Pollution Rehabilitation Project. MC2 plans to open up ET-DSPTM technology in the rapidly emerging Chinese restoration industry. The "Electrothermal Dynamic Stripping Process" (ET-DSP?) Created by MC2 not only brought a large amount of soil remediation business to it, but also won a considerable number of component awards. Round Cotton Pad Making Machine
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Yongqing Green to seize the domestic in situ repair technology gap to be acquired 51% stake in Canada MC2