Td Holdings, Inc. Announces Letter Of Intent To Acquire An Environmental Management Company Specialized In Tailings Treatment And Control Solutions
Acquiring Company
TD Holdings
Acquired Company
Xinjiang Dede Xinyuan Environmental Protection Technology Ltd
Description
TD Holdings, Inc. (Nasdaq: GLG) (the "Company" or "TD Holdings"), a commodities trading service provider in China, today announced that it has entered into a non-binding letter of intent (the "LOI") to acquire the equity interest of Xinjiang Dede Xinyuan Environmental Protection Technology Co., Ltd. ("XDX"), an environmental management company specialized in tailings treatment and control solutions, with access to 200 million tons of asbestos tailings, primarily composed of silicon dioxide metallic magnesium elements. Through this proposed acquisition, the Company aims to expand its operations to include the refining of silicon dioxide and metallic magnesium new materials and provide value-added services to its clients within the non-ferrous metals sector through XDX's expertise in tailings treatment and control solutions.
Quick answer
TD Holdings is acquiring Xinjiang Dede Xinyuan Environmental Protection Technology Ltd and Control, announced April 12, 2023.
- How much did TD Holdings pay for Xinjiang Dede Xinyuan Environmental Protection Technology Ltd?
- The deal value was not disclosed.
- What does TD Holdings do?
- TD Holdings, Inc. is a service provider currently engaging in the commodities trading business and supply chain service business in China.
Source: Fundz verified event record.
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Frequently asked
Who acquired Xinjiang Dede Xinyuan Environmental Protection Technology Ltd?
Xinjiang Dede Xinyuan Environmental Protection Technology Ltd was acquired by TD Holdings. The deal was reported on April 12, 2023. TD Holdings, Inc. is a service provider currently engaging in the commodities trading business and supply chain service business in China. TD Holdings is privately held and operates in Precious Metals.
When did TD Holdings acquire Xinjiang Dede Xinyuan Environmental Protection Technology Ltd?
TD Holdings's acquisition of Xinjiang Dede Xinyuan Environmental Protection Technology Ltd was reported on April 12, 2023. TD Holdings, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Xinjiang Dede Xinyuan Environmental Protection Technology Ltd do?
Xinjiang Dede Xinyuan Environmental Protection Technology Co., Ltd. focuses on the development of tailings treatment and control solutions. It is privately held, operating in Water.
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