Capital Environment Holdings (HKG:3989) said its subsidiary, Xinjiang Tianfu Waste Incineration Power Generation, secured a 4.19 million yuan contract to supply equipment to Sichuan Qingshi Construction, an affiliate of its major shareholder Capital Eco Group.
According to a Tuesday Hong Kong bourse filing, the contract supports a wastewater treatment plant upgrade in Shihezi, Xinjiang. Delivery is expected within 45 days.
As Capital Eco Group holds a 45.11% stake in Capital Environment, the transaction is classified as a related-party deal.
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