31 Jul 2013
Everbright International Signs Letter of Intent for Strategic Cooperation with Beijing Municipality
Leverages Business Strengths and Facilitates the Development of Environmental Protection Industry in Beijing31 July 2013, Hong Kong - China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that the Group has signed a "Letter of Intent for Strategic Cooperation in Solid Waste Treatment Sector" ("Letter of Intent") with the Beijing Municipal Commission of City Administration and Environment. Both parties intend to deepen their cooperation in the areas of solid waste treatment and jointly facilitate the development of the environmental protection industry in Beijing.
The signing of the Letter of Intent signifies the establishment of a mutually beneficial cooperation between Beijing and Everbright International. By capitalizing on the respective strengths and engaging in joint development, both parties will strengthen their communication on industry trends, regulatory issues, technological innovation and project information. Meanwhile, Everbright International will actively participate in investment, construction and operations in the area of solid waste treatment.
Mr. Chen Xiaoping, Chief Executive Officer of Everbright International said, "Everbright International has invested in more than 70 environmental protection projects in Jiangsu, Shandong, Anhui, Guangdong, Hainan, Zhejiang in China and in Germany since the Group transformed into an environmental protection enterprise in 2003. The signing of this Letter of Intent with the Beijing Municipal Commission of City Administration and Environment represents the next step in the Group's strategic business development plan. Everbright International will continue to enhance the technological innovation and operational efficiency of solid waste environmental protection, contributing to the development of the environmental industry of our country's capital city."