(Hong Kong, 10 December 2012) BEWG has formally signed an agreement with Shandong Deli Environment Engineering Co., Ltd. to acquire 100% equity of Haiyang Binhai Water Co., Ltd., a wholly-owned subsidiary of Shandong Deli Environment Engineering Co., Ltd, and will also set up a joint venture company with Shandong Deli Environment Engineering Co., Ltd. to acquire the concession of Penglai Chaoshui sewage treatment plant.
Haiyang Binhai Water Co., Ltd. is the project company of Haiyang Lingang sewage treatment project. Haiyang Lingang sewage treatment plant project adopts BOT model, and its design capacity is 20,000 tons per day, as well as its concession period is 30 years (calculated from the commencement date of its commercial operation).
Penglai Chaoshui sewage treatment plant project adopts TOT models, and its design capacity is 10,000 tons per day, as well as its concession period is 40 years calculated from the commencement date of its commercial operation, i.e. January 1, 2013 as stated in its original TOT agreement.
About Beijing Enterprises Water Group Limited (0371 HK)
The Company was incorporated in Bermuda as an exempted company with limited liability and the shares of which are listed on The Stock Exchange of Hong Kong Limited. The ultimate holding company of the Company is Beijing Enterprises Holdings Limited, (stock code: 0392). The Group strategically positions itself as a "leading integrated water system solution provider", and specialises in water service and environmental protection businesses, with waste water treatment as its core business segment.
For more information, please visit the Group’s website at: http://www.bewg.com.hk
The English translation is for reference only and the Chinese version shall prevail in case of any inconsistency between the Chinese version and English translation thereof.