Environmental service provider Dongjiang Environmental (OTC:SZDEF) is the leading industrial hazardous waste treatment player in China. It possesses licenses to treat >40 types of hazardous waste. Starting its operations in Shenzhen, Dongjiang has since then expanded to over 10 provinces and cities. Most of Dongjiang's presence is in hazardous waste-rich regions such as East and Northwest China. As at Dec-16, Dongjiang's annual hazardous waste treatment and disposal capacity was c.760k MT (based on China Everbright Greentech IPO prospectus in Apr-17). In July-16, Guangdong Rising Assets Management (GRAM), one of Guangdong's largest SOEs, became Dongjiang's controlling shareholder after it acquired shares from Mr. Zhang Wei Yang, Dongjiang's founder, and subscribed to new shares via a private placement.
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