CDT Environmental Technology(CDTG)
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CDT Environmental Technology Investment Holdings Limited Announces New Wastewater Treatment Services Contract Valued at Approximately $11.7 Million
Newsfilter· 2024-04-24 12:30
Core Points - CDT Environmental Technology Investment Holdings Limited has been awarded a contract valued at RMB 85 million (approximately $11.7 million) for a water treatment project in Jianyang District, Nanping City, China [1] - The project aims to manage domestic sewage, curb pollution, and support rural environmental improvements, covering 11 towns [1] - Initial design and engineering work is currently underway, with project completion scheduled for the end of 2025 [1] Company Overview - CDT is a leading provider in China's waste treatment sector, focusing on designing, developing, manufacturing, and maintaining sewage treatment systems [3] - The company is dedicated to promoting sustainable development through innovative solutions and has completed over 150 plants across China [4] - Recently listed on the Nasdaq Capital Market, CDT aims to advance next-generation technologies to address environmental challenges [4] Strategic Commitment - The collaboration for the water treatment project represents CDT's commitment to sustainable development and innovative solutions [2] - The CEO of CDT emphasized that this collaboration marks a significant milestone in establishing partnerships for environmentally-responsible infrastructure [2] - The company aims to leverage this project to unlock new development opportunities and drive sustainable practices [2]
CDT Environmental Technology Investment Holdings Limited Announces Closing of Initial Public Offering
Newsfilter· 2024-04-22 17:33
Core Viewpoint - CDT Environmental Technology Investment Holdings Limited has successfully completed its initial public offering, raising $6 million through the sale of 1,500,000 ordinary shares at a price of $4.00 per share, with trading commencing on Nasdaq under the ticker symbol "CDTG" [1][2]. Company Overview - CDT is a waste treatment company based in Shenzhen, China, specializing in the design, development, manufacturing, sale, installation, operation, and maintenance of sewage treatment systems, as well as providing sewage treatment services [4]. Offering Details - The offering was conducted on a firm commitment basis, with all ordinary shares being offered by CDT. WestPark Capital, Inc. acted as the sole book-running manager for the offering [1][2]. - CDT has granted underwriters a 45-day option to purchase an additional 225,000 ordinary shares at the initial public offering price to cover over-allotments [2]. - The registration statement for the offering was filed with the U.S. Securities and Exchange Commission and declared effective on March 29, 2024 [2].