In September 2020, the United States Easen and Shanghai Easen signed a technical due diligence service contract with the International Financial Organization (IFC) for China Overseas Bank Environmental Protection.
The International Financial Organization (IFC) is considering investing in Qiaoyin Environmental Protection Technology Co., Ltd. in the form of green loans. Green loans will be used for several green investments in the Qiaoyin PPP project. IFC will conduct due diligence on the corporate management and systems of Qiaoyin, and conduct a detailed evaluation of projects that will utilize green loan proceeds. The purpose of this due diligence is to assess the technical and commercial risks of the proposed investment project.
Due diligence is conducted from two aspects:
Part 1: Conduct an enterprise due diligence on the management system of Qiaoyin Company at Qiaoyin Guangzhou headquarters to evaluate the potential financial and reputational risk levels that IFC may incur when investing in Qiaoyin, assuming that green loans are used for agreed business lines and investments. Qiaoyin currently operates over 300 projects in 60 cities across 17 provinces in China, with projects in five operational categories.
Part 2: Due diligence on multiple solid waste and sanitation projects in Guangdong Province, Yunnan Province, Guizhou Province, Jiangxi Province, and Henan Province.