Zhong Hui Holdings Ltd. is Singapore-based investment holding company. The Company's wholly owned subsidiaries include Zhonghui Environmental Conservation Pte Ltd, which is engaged investment holding and provision of management services, and Shaanxi Zhonghui Environmental Conservation Co., Ltd (SZECC), which is engaged the design, sale, research, installation and construction of integrated domestic treatment systems.
On December 29, 2006, the Company had announced that its wholly owned subsidiary, Shaanxi Zhonghui Environmental Conservation Corporation Co., Ltd., had entered into a framework agreement with Guang Tai Industry Co. Ltd. (Guang Tai) and its shareholders for the acquisition of a 51% interest in Baoji Zhong Cheng Machine Tooling Co. Ltd (Baoji ZC Group) from Guang Tai and its existing shareholders. In January 2006, SZECC entered into an agreement with Linfen City Construction Bureau to build, install and operate a 1,200 tons/day solid waste incineration treatment plant.
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