HONG KONG: A leading integrated water environmental solutions provider in China, Everbright Water Limited has announced the proposed listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited.[the_ad id=”31605″]Everbright Water plans to offer 103.97 million shares representing approximately 10% of the initial offer shares. Offer price is set between HK$ 2.99 to HK$ 4.35 per share. Dealings in shares of Everbright Water on the main board of the Hong Kong Stock Exchange is expected to commence on May 8, 2019. The shares will be traded in board lot of 1,000 shares each.
Everbright Water is a leading integrated water environmental solutions provider in China, providing a comprehensive range of environmental water services.
The Company’s business spans wastewater treatment, water environment treatment, integrated utilization of water resources and water ecological protection. According to Frost & Sullivan, the Company is the largest Central State-Owned Enterprise operating in the wastewater treatment industry in the PRC, as well as the third largest wastewater treatment service provider in the Bohai Economic Rim in terms of treatment capacity in 2017.
Wang Tianyi, non-executive director and Chairman of China Everbright Water Limited, said, “Following the lead of the PRC government’s ‘One Belt, One Road’ strategy, more and more infrastructure investments, including water projects, are encouraged to be deployed and funded to neighboring countries and regions, which allow those players in the water industry to further expand their services to other foreign markets through Public-Private-Partnership and other investment methods. Capitalizing on the Company’s strong government relationships, impressive track record, significant project pipeline, strong research and development capabilities, and the recognition of the “Everbright” brand, Everbright Water will take advantage of future trends and directions of the PRC water industry, further enhance core competitiveness, and strengthen the Company’s leading position in the water industry in the PRC.”