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Langkun Technology: The total investment for the Tongzhou District Organic Waste Resource Recycling Comprehensive Treatment Center project is 1.53B yuan.
Langkun Technology Announcement, the company’s wholly-owned subsidiary Beijing Langkun Biomass New Energy Co., Ltd. has signed a “Supplementary Agreement to the Concession Agreement for the Organic Waste Resource Recycling Comprehensive Treatment Center Project in Tongzhou District” with the Tongzhou District Urban Management Committee of Beijing. According to the supplementary agreement, the total investment in the project has been adjusted to 1.53B yuan, including 1.23B yuan for engineering costs, 134 million yuan for other construction costs, 109 million yuan for contingency funds, 45.4685 million yuan for construction period interest, and 17.9614 million yuan for initial working capital.