According to Zhitong Finance App, Xingyuan Environment (300266.SZ) announced that Zhejiang Dredging Engineering Co., Ltd. (“Zhejiang Dredging”) is the company's holding subsidiary. Based on the company's overall development strategy, the company plans to repurchase 3.8672% of Zhejiang Dredging's shares held by Hangzhou Xingyuan Zhejiang Dredging Enterprise Management Partnership (Limited Partnership), with a transaction consideration of 25.7 million yuan. After the transaction is completed, Zhejiang Dredging will become a wholly-owned subsidiary of the company.

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