CHINA EVERBRIGHT WATER LIMITED Singapore Exchange Securities Trading Limited, 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.
CHINA EVERBRIGHT WATER LIMITED
中國光大水務有限公司
(Incorporated in Bermuda with limited liability)
(Hong Kong Stock Code: 1857)
(Singapore Stock Code: U9E)
OVERSEAS REGULATORY ANNOUNCEMENT
INCORPORATION OF JOINT VENTURE COMPANY
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.
Please refer to the announcement on "INCORPORATION OF JOINT VENTURE COMPANY" which has been published by China Everbright Water Limited (the "Company") on the website of the Singapore Exchange Securities Trading Limited on 17 December 2019.
By Order of the Board
China Everbright Water Limited
An Xuesong
Executive Director and Chief Executive Officer
Hong Kong, 17 December 2019
As at the date of this announcement, the board of directors of the Company comprises:
- a non-executive director, Mr. Wang Tianyi (Chairman); (ii) two executive directors, namely Mr. An Xuesong (Chief Executive Officer) and Mr. Luo Junling; and (iii) four independent non-executive directors, namely Mr. Zhai Haitao, Mr. Lim Yu Neng Paul, Ms. Cheng Fong Yee and Ms. Hao Gang.
CHINA EVERBRIGHT WATER LIMITED
(Incorporated in Bermuda with limited liability)
(Company Registration No.: 34074)
INCORPORATION OF JOINT VENTURE COMPANY
Further to the announcement (the "Announcement") dated 4 November 2019 relating to the entry by China Everbright Water Limited (the "Company") into the project agreement (the "Project Agreement") with Jinan Sijian Construction Group Co., Ltd.* (濟南四建（集團）有 限責任公司) ("Ji'nan Sijian") (「濟南四建」) and Eastern New Area Development Service Centre of Licheng District, Jinan City*(濟南市歷城區東部新區發展服務中心), as authorised by Licheng District People's Government, Ji'nan City, for establishing a joint venture (the "JV Company") for the purposes of the Tangye new area waste water treatment plant public-private partnership project, the board of directors (the "Directors") of the Company wishes to announce that the JV Company, EW (Ji'nan Tangye) Water Limited* (光水（濟南唐 冶）水務有限公司), has been incorporated in the People's Republic of China pursuant to the terms of the Project Agreement.
The JV Company has been incorporated with a registered capital of RMB104,291,600 and a shareholding breakdown as follows:
Name of Shareholders | Equity Stake |
Everbright Water (Ji'nan) | |
Holdings Limited | |
光大水務（濟南）控股有限公司 | 99.9% |
Ji'nan Sijian | |
濟南四建 | 0.1% |
Everbright Water (Ji'nan) Holdings Limited is an indirect wholly-owned subsidiary of the Company.
The incorporation of the JV Company resulted in the JV Company becoming an indirect 99.9%-owned subsidiary of the Company. The principal business activities of the JV Company include (a) waste water treatment, reusable water, sludge disposal and the relevant technology consultation and services; (b) the sale of equipments in relation to waste water treatment; and (c) the construction and operation of waste water treatment plants.
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None of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the incorporation of the JV Company. To the best of the knowledge, information and belief of the Directors having made all reasonable enquiries, Ji'nan Sijian and its ultimate beneficial owners are third parties independent of the Company and the connected persons of the Company for the purpose of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "SEHK Listing Rules"). As disclosed in the Announcement, the transaction contemplated under the Project Agreement constitutes a discloseable transaction for the Company under Chapter 14 of the SEHK Listing Rules.
By Order of the Board
CHINA EVERBRIGHT WATER LIMITED
An Xuesong
Executive Director and Chief Executive Officer
Date: 17 December 2019
- For identification purpose only
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China Everbright Water Ltd. published this content on 17 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 December 2019 10:15:00 UTC
