Brief: Huazhang Technology Holding Says It Intends To Participate In A Metal Recycling Project

Huazhang Technology Holding

07/10/2019 12:20

Oct 7 (Reuters) - Huazhang Technology Holding Ltd  1673.HK :
    * INTENDS TO PARTICIPATE IN METAL RECYCLING PROJECT
    * GOVERNMENT OF DUBAI HAS GIVEN APPROVAL FOR A VENTURE TO
ESTABLISH A ZERO-WASTE METAL RECYCLING PROJECT IN JEBEL ALI FREE
ZONE
    * UNIT HEHE RESOURCES FZE HAS BEEN INCORPORATED IN JEBEL ALI
FREE
ZONE TO BE PROJECT OWNER
    * AMOUNT OF CO'S FINANCIAL CONTRIBUTION, SCALE OF
PARTICIPATION IN
PROJECT YET TO BE QUANTIFIED
    * PLANT WILL BE DESIGNED TO PROCESS UP TO 5 MILLION TONS OF
SCRAP
MATERIALS WHEN FULLY OPERATIONAL IN 2023-2024

Source text for Eikon:  urn:newsml:reuters.com:*:nNDL4L8Sdb
Further company coverage:  1673.HK 

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