Overseas Regulatory Announcement
Total Page:16
File Type:pdf, Size:1020Kb
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. OVERSEAS REGULATORY ANNOUNCEMENT (This overseas regulatory announcement is issued pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) The following announcement is released by CITIC Envirotech Ltd. (a subsidiary of CITIC Limited) to Singapore Exchange Limited on 28 August 2019:- CITIC Envirotech secured two projects with a total investment value of RMB 1.685 billion in Xichang City, Sichuan Province, China Hong Kong, 28 August 2019 As at the date of this announcement, the executive directors of CITIC Limited are Mr Chang Zhenming (Chairman), Mr Wang Jiong and Ms Li Qingping; the non-executive directors of CITIC Limited are Mr Song Kangle, Ms Yan Shuqin, Mr Liu Zhuyu, Mr Peng Yanxiang, Mr Liu Zhongyuan and Mr Yang Xiaoping; and the independent non-executive directors of CITIC Limited are Mr Francis Siu Wai Keung, Dr Xu Jinwu, Mr Anthony Francis Neoh, Mr Shohei Harada and Mr Gregory Lynn Curl. CITIC ENVIROTECH LTD (Company Registration Number: 200306466G) =============================================================== CITIC Envirotech secured two projects with a total investment value of RMB 1.685 billion in Xichang City, Sichuan Province, China ________________________________________________________________________ The Board of Directors (“Board”) of CITIC Envirotech Ltd (“CEL”, “Group” or “Company”) is pleased to announce that the Group has secured two build-own-transfer (“BOT”) projects with a total investment value of RMB 1.685 billion in Xichang City, Sichuan Province, China. The first is a water supply development project for which CEL will undertake the design, construction and operation of water supply pipelines at an investment amount of RMB 1.34 billion. This project aims to provide an additional water source for the population in Xichang City. A project company, Changxin (Liangshan) Water Resource Engineering Co., Ltd, with a registered capital of RMB 446 million will be formed to undertake the water supply development project. The project comes with a service concession of 30 years inclusive of a two-year construction period. The shareholding interests in the project company are as follow: a. CEL - 78.9% b. Xichang Anning Water Construction Investment Co., Ltd - 19% c. Mianning County Modern Agriculture Investment Development Co., Ltd - 1% d. China Water Resources and Hydropower Seventh Engineering Bureau Co., Ltd - 1% e. Sichuan Zhongyu Environment Management Co., Ltd - 0.1% The second project, with an investment value of RMB 345 million, involves the design, construction and operation of a 30,000 m 3/day wastewater treatment plant and related piping works. The plant will be located at the Chengdu Liangshan Industrial Park, north of Xichang City, which has been identified by the China government as one of the 20 strategic key industrial parks in Sichuan province for development and growth. A project company, CITIC Environment Management (Liangshan) Co., Ltd, with a registered capital of RMB 115 million will be formed to undertake the project. The project comes with a service concession of 32 years, inclusive of a two-year construction period. CEL’s membrane bioreactor (“MBR”) technology will be employed in this plant for the treatment of approximately 60% of municipal wastewater and 40% industrial wastewater to Grade 1A discharge standard. The shareholding interests in the project company are as follow: a. CEL - 89% b. Xichang Water Supply and Drainage Corporation - 10% c. Sichuan Zhongyu Environment Management Co., Ltd - 0.9% d. Tianjin Municipal Engineering Design and Research Institute – 0.1% The above capital injections are from internal resources and bank financing. The above investments have no material effect on the net tangible assets per share or earnings per share of the Company for the financial year ending 31 December 2019. None of the directors or controlling shareholders of the Company has an interest, direct or indirect in the above investments. BY ORDER OF THE BOARD Lotus Isabella Lim Mei Hua Company Secretary 28 August 2019 .