China Tianying Inc, a Jiangsu province-based solid waste treatment company listed on the Shenzhen Stock Exchange, is eyeing the possible $1.8 billion takeover of a German rival.

Waste management firm EEW is considered Europe's market leader in energy-to-waste.

Yan Shengjun, Tianying's chairman, on Tuesday insisted a takeover would be a win-win for both parties. Trading in the company's shares have been suspended since Dec 14.