Pioneering Environment (03989.HK) announced that Beijing Capital Investment, a wholly-owned subsidiary, had submitted a bidding proposal for the rural part of the integrated urban and rural sanitation project (section 1) (Renqiu urban and rural project) in Renqiu City, Cangzhou City, Hebei Province. Beijing Capital received notice from the tenderer a few days ago that it was the winning unit of the Renqiu urban and rural project, and will sign a contract with the Renqiu City Administration as soon as possible. The total bid-winning amount of the project is about 80 million yuan.
Beijing Capital Investment will be responsible for operating the Renqiu urban and rural project with a service life of three years, serving Renqiu City, Cangzhou City, Hebei Province, and providing services for environmental sanitation, cleaning and garbage transportation within the jurisdiction of townships and townships.