EUZY is a 19% shareholder of South Island Resource Recovery Limited.

The Belgium-registered company is the European subsidiary of China Tianying. Very little is known about this company except that it was formed in May 2020. 

EUZY’S 19% shareholding in SIRRL was initially owned by Urbaser, a Spanish-registered company also owned by CNTY.

CNTY acquired all of the Madrid-based firm’s equity for USD1.4 billion in 2018 in the Chinese waste management sector’s largest overseas acquisition to date. The purchase helped Tianying master advanced technologies and management systems in sanitation while building its international brand and making breakthroughs in Vietnam and Singapore.  CNTY sold Urbaser in 2021 to Platinum Equity for USD1.8 billion.