CDTG signs agreement with Chinese state-owned construction group subsidiary

seekingalpha06-18

CDT Environmental Technology Investment (NASDAQ:CDTG) Tuesday reported the signing of strategic cooperation agreement with a subsidiary of a large state-owned construction group in China. The parent ...

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The parent ...</p>\n\n<a href=\"https://seekingalpha.com/news/4117066-cdtg-signs-agreement-with-chinese-state-owned-construction-group-subsidiary\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CDTG","symbol_name":"城道通环保科技","start_time":0,"source_url":"https://seekingalpha.com/news/4117066-cdtg-signs-agreement-with-chinese-state-owned-construction-group-subsidiary","article_id":"2444043774","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/864379590/image_864379590.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2444043774","pubTimestamp":1718725630,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"CDT Environmental Technology Investment  Tuesday reported the signing of strategic cooperation agreement with a subsidiary of a large state-owned construction group in China. The parent company of the state-owned construction group is among the top 40 in ENR's 2023 ranking of the world's largest contractors, CDT Environmental Technology Investment  said.  Under the terms of the agreement, the two parties will jointly plan and build a number of infrastructure and construction projects in Fuzhou New Area, involving water, sewage treatment, roads, and pipelines, with an estimated value of more than RMB 3 billion -- with an estimated 1 billion RMB net to CDT -- which will contribute to an expected increase in CDT’s revenue by more than 50% in the next 3-5 years. \"This is an important step for us in the domestic market and will also significantly help the infrastructure construction and economic development of Fuzhou New Area,\" said Yunwu Li, CDT CEO. CDTG is -3.63% to $3.86. 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Under the terms of the agreement, the two parties will jointly plan and build a number of infrastructure and construction projects in Fuzhou New Area, involving water, sewage treatment, roads, and pipelines, with an estimated value of more than RMB 3 billion -- with an estimated 1 billion RMB net to CDT -- which will contribute to an expected increase in CDT’s revenue by more than 50% in the next 3-5 years. \"This is an important step for us in the domestic market and will also significantly help the infrastructure construction and economic development of Fuzhou New Area,\" said Yunwu Li, CDT CEO. CDTG is -3.63% to $3.86. 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