22 Dec 2014
Everbright International Completes Reverse Takeover of HanKore Environment
Everbright Water Officially Lists on Singapore Exchange22 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, has completed the reverse takeover of HanKore Environment Tech Group Limited ("HanKore Environment") (U9E.SI) on 12 December 2014. Following this, HanKore Environment's stock name on the Singapore Exchange has been changed to China Everbright Water Limited ("Everbright Water").
This morning, Mr. Tang Shuangning, Chairman of China Everbright Group Limited and Chairman of Board of Directors, Everbright International, Mr. Liu Jun, Deputy General Manager of China Everbright Group Limited and Vice-chairman of Board of Directors, Everbright International, Mr. Chen Xiaoping, CEO of Everbright International and Chairman of China Everbright Water, Mr. Wang Tianyi, Vice-Chairman and CEO of Everbright Water and Mr. Magnus Böcker, CEO of Singapore Exchange attended the official ceremony, which included the hitting of the gong, to mark Everbright Water's listing on Singapore Exchange.
Mr. Tang Shuangning, Chairman of China Everbright Group Limited & Chairman of Board of Directors, Everbright International, said, "As the flagship of China Everbright Group in the industrial area, Everbright International is a market leader in China's environmental protection industry. Everbright Water successfully completed the acquisition of HanKore Environment Group and listed on the Singapore Exchange today, marking another milestone for Everbright International. We are extremely delighted with this achievement. I believe, Everbright International and Everbright Water will continue to concentrate on business development in environmental protection industry at home and abroad, leveraging on our top-notch project operation and management skills as well as profound marketing experience, in order to capture emerging opportunities and achieve greater success."
Everbright Water's business areas include waste water treatment, reusable water, waste water source heat pump and sludge treatment and disposal. 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 as well as Jiangsu, Shandong, Shaanxi and Henan provinces.