CHINA EVERBRIGHT ENVIRONMENT GROUP LIMITED Press Release
22 Dec 2014
Everbright International Completes Reverse Takeover of HanKore Environment
Everbright Water Officially Lists on Singapore Exchange
22 December 2014, Hong Kong - China Everbright International Limited ("Everbright International" or the "Group") (SEHK: 00257) is pleased to announce that China Everbright Water Holdings Limited ("CEWHL"), the Group's wholly-owned subsidy, completed the reverse takeover of HanKore Environment Tech Group Limited ("HanKore Environment") (U9E.SI) on 12 December 2014. CEWHL currently holds a 78.01% stake in HanKore Environment whose trading name at the Singapore Exchange has been changed to China Everbright Water Limited ("Everbright Water").The listing of the company on the Singapore Exchange has been maintained.
Everbright Water's business areas currently include waste water treatment, reusable water, waste water source heat pump and sludge treatment and disposal etc.. Everbright Water has 32 waste water treatment plants with a total designed daily waste water treatment capacity of over 3 million m3. The company operates in many locations including Beijing, Jiangsu, Shandong, Shanxi and Henan provinces etc..
Mr. Chen Dawei, Vice-Chairman of Everbright Water (former Chairman of HanKore Environment), said, "Everbright International is a leading player in China's environmental protection industry. The cooperation between Everbright International and HanKore Environment is facilitated by huge market opportunities and the common vision of the two parties regarding the development of the environmental water business. We are honored and delighted to have completed the sale and acquisition successfully, and believe that Everbright Water has a new impetus for long-term development with the support of the parent company Everbright International and China Everbright Group Limited. Everbright Water will make every effort to develop a new benchmark in China's environmental water industry."
Mr. Chen Xiaoping, CEO of Everbright International and Chairman of Everbright Water, said, "CEWHL has successfully completed the reverse takeover of HanKore Environment and changed HanKore Environment's name to Everbright Water. I believe the integration of the two companies will increase the new company's asset scale, market scope, and project diversity, bringing synergy to many parts of the business, including market exploration and project operation management. The integration and listing on the Singapore Exchange will facilitate the company has a comprehensive and international platform for market operation and a highly competitive edge. Leveraging the central and strong position of Singapore in the water treatment industry, we are committed to developing the company into a leading player of the water industry in China as well as globally. Meanwhile, we will continue to maintain stability and sustainability in our growth while capturing new market opportunities, thus, achieving the best return for our shareholders."
Everbright Water Officially Lists on Singapore Exchange
22 December 2014, Hong Kong - China Everbright International Limited ("Everbright International" or the "Group") (SEHK: 00257) is pleased to announce that China Everbright Water Holdings Limited ("CEWHL"), the Group's wholly-owned subsidy, completed the reverse takeover of HanKore Environment Tech Group Limited ("HanKore Environment") (U9E.SI) on 12 December 2014. CEWHL currently holds a 78.01% stake in HanKore Environment whose trading name at the Singapore Exchange has been changed to China Everbright Water Limited ("Everbright Water").The listing of the company on the Singapore Exchange has been maintained.
Everbright Water's business areas currently include waste water treatment, reusable water, waste water source heat pump and sludge treatment and disposal etc.. Everbright Water has 32 waste water treatment plants with a total designed daily waste water treatment capacity of over 3 million m3. The company operates in many locations including Beijing, Jiangsu, Shandong, Shanxi and Henan provinces etc..
Mr. Chen Dawei, Vice-Chairman of Everbright Water (former Chairman of HanKore Environment), said, "Everbright International is a leading player in China's environmental protection industry. The cooperation between Everbright International and HanKore Environment is facilitated by huge market opportunities and the common vision of the two parties regarding the development of the environmental water business. We are honored and delighted to have completed the sale and acquisition successfully, and believe that Everbright Water has a new impetus for long-term development with the support of the parent company Everbright International and China Everbright Group Limited. Everbright Water will make every effort to develop a new benchmark in China's environmental water industry."
Mr. Chen Xiaoping, CEO of Everbright International and Chairman of Everbright Water, said, "CEWHL has successfully completed the reverse takeover of HanKore Environment and changed HanKore Environment's name to Everbright Water. I believe the integration of the two companies will increase the new company's asset scale, market scope, and project diversity, bringing synergy to many parts of the business, including market exploration and project operation management. The integration and listing on the Singapore Exchange will facilitate the company has a comprehensive and international platform for market operation and a highly competitive edge. Leveraging the central and strong position of Singapore in the water treatment industry, we are committed to developing the company into a leading player of the water industry in China as well as globally. Meanwhile, we will continue to maintain stability and sustainability in our growth while capturing new market opportunities, thus, achieving the best return for our shareholders."
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