Leader will form a JV company with Jinan Kaida Huicheng Shui Wu Co and Qingdao Hexin Huanjing Co. The companies will hold a 72%, 18.2% and 9.8% stake in the JV company respectively.
Leader Environmental Technologies has announced it has entered into a joint venture (JV) agreement with the local government of Yishui county in the Shandong province of China on May 12.
The announcement comes after the company had previously announced on May 3 that it was in advance negotiations with a local government in Shandong that was unspecified.
