Nbd.com.cn
Xiamen Savings Environmental Co.,Ltd. is the member enterprise of China Environmental Protection Industrial Association (Bag Filtration Committee), and a famous enterprise that is engaged in production of filtration material & filter bags. It announced to acquire 90% of Beijing Lowcarbon Environmental Tech Co., Ltd for RMB176 million (around $28.7 million) and would like to raise RMB58 million (around $9.5 million).
Beijing Lowcarbon is committed to environmental protection industry including the development and application of clean energy and energy saving equipment. It has six patents and two pending patents. It’s ROE is 73.84% and 129.02% in 2011 and 2012 respectively.