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Stock impact report

ReTo Eco-Solutions Subsidiary Begins Construction of New Xinyi City Waste Treatment Center

ReTo Eco-Solutions, Inc. - Common Shares (RETO) 
Company Research Source: PR Newswire
BEIJING, Sept. 4, 2020 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (the "Company," "we" or "ReTo") (NASDAQ: RETO), a one-stop, total technology solutions provider for the healthy improvement of ecological environments, today announced that its subsidiary, Xinyi REIT New Material Co., Ltd., has officially commenced construction of a new Xinyi City waste treatment center. ReTo reached an agreement in 2019 with the Xinyi Municipal Government for the project, however, construction of the urban waste treatment facility was delayed due to the COVID-19 pandemic. Xinyi City has consistently ranked in the Top 100 high-quality development index of China's small and medium sized cities for its comprehensive economic strength, green development, investment potential and technological innovation.Under the 5 year agreement, in addition to design, engineering and construction, ReTo will also use its proprietary technologies and handling systems to promote the goal of reducing, recycling and reusing con Show less Read more
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