Exchange: OTC·Updated 02:39 PM EDT
About FUTIF
Futian Holdings Ltd. engages in the environmental protection business such as wastewater treatment and soil remediation. It operates through the following segments: Engineering, Procurement, and Construction (EPC) Projects, Service Concession Arrangement, Equipment Projects, Advertising, Property Leasing, and Others. The EPC Projects segment is composed of the overall design, procurement, and construction of sludge or wastewater treatment facilities pursuant to the contract and is responsible for the quality, safety, time control, and pricing of the project. The Service Concession Arrangement segment provides the construction of sludge treatment and operation of the sludge station upon completion of construction for a long period. The Equipment Projects segment includes the procurement of necessary materials, equipment and machinery, installation, testing, and commissioning of the equipment and machinery for the treatment facilities as well as provision of technical consulting services to upgrade or optimize the design of the water or wastewater treatment facilities pursuant to the contract. The Advertising segment focuses on the provision of processing services for advertising materials and the placement of advertisements on various media platforms, including elevator media, for customers. The Property Leasing segment refers to rental income generated from the leasing of the group’s own investment property and the sub-leasing of commercial properties leased from third-party landlords to independent tenants. The Others segment comprises of the group’s operation and maintenance services in which an enterprise of the group is retained to operate and maintain water or wastewater treatment facilities for a certain period and operation, and maintenance fees on a monthly or quarterly basis; and construction projects other than EPC projects. The company was founded in 2001 and is headquartered in Guangzhou, China.