China Environment's project in huaishang, anhui province

Noticed that china environment seemed to be involved in some large scale projects to build some headquarter in huaishang, anhui province
Found out this which seem to come from the government in huaishang, anhui province

zwgk.bengbu.gov.cn/XxgkNewsHt...3201106002.htm

索 取 号 ：CH150010303201106002 内容分类 ： 新闻发布
发布文号 ： 发文日期 ：2011-6-3
环保设备制造基地项目
1、该项目由新加坡中国环保有限公司投资建设，总占地面积1500亩，分三期建成，其中一期占地292亩， 为星源环保项目用地，目前已开工建设，计划年底前完成10万平米厂房建设。一期建成达产后，年销售收入可达 10亿元，利润1.5亿元，上缴税金4千万元，解决1000人就业；

2、福建东源环保有限公司为新加坡中国环保公司的全资子公司，该项目已入驻，目前正在办理前置手 续；

Can any expert kindly share if this is something favourable for the company?

Thanks

There has hardly been any chat on China Environment. Just noticed today that the shares have jumped to heaven. 40%. 14.5 cents.