Cenxi City is providing a 133,334 sqm plot of land into the joint venture in exchange for a 25% stake.
SINGAPORE (May 15): Warehouse and logistics player GKE Corporation has started a China-based joint venture focused on recycling material waste from mining and construction.
The joint venture’s plant will be located at Cenxi City, China, and has a paid-up capital of RMB100 million ($19.9 million). GKE has two other partners in this joint venture, called Cenxi Haoyi Recycling. They are Dongguan Haoyi Industrial Investment and Cenxi City Hengyi Investment.
