Dongjiang Environmental (HKG:0895, SHE:002672) unit Guangdong Elephant Logistics Technology plans to submit a 20 million yuan bid in the public tender for a distribution project, according to a Wednesday Hong Kong bourse filing.
Hong Kong-listed shares of the waste disposal management company were down over 1% in Thursday afternoon trading.
The one-year project starting July 1, 2026, and ending June 30, 2027, will focus on the delivery and distribution of finished steel products for Zhongnan by cargo transportation.
If granted the tender, Elephant Logistics will enter into a formal cargo transportation contract with Shanghai Ouye Logistics.