29 Jul 2015
Everbright Water Secures A Loan from International Finance CorporationSingapore, 29 July 2015 – China Everbright Water Limited ("Everbright Water" or the "Company", SGX: U9E) (中国光大水务有限公司), an environmental protection company focuses on investment, operation and management of integrated environmental water business, is pleased to announce that the Company has entered into a loan agreement with International Finance Corporation ("IFC"), to secure a long-term loan of USD140 million. The loan will mainly be utilised as capital expenditure working capital of the Company to finance the development and expansion of their wastewater treatment and environment protection business in the PRC.
The loan agreement reflects IFC's recognition of Everbright Water's professional management team. As a member of the World Bank Group, IFC imposes stringent standards on the corporate's business performance, management level, financial transparency and social responsibility in its loan approval process.
Mr. Wang Tianyi, Vice-Chairman and CEO of Everbright Water, expressed the Company's gratitude to IFC for their loan support. He said, "The signing of this loan agreement will provide Everbright Water with a steady and long-term financing support to develop our business. It is also a strong affirmation of the operating model, business performance and social responsibility of the Company. Looking ahead, we will further strengthen our cooperation with IFC to enhance the quality of the construction engineering and operation of our projects, and also to further expand our market presence, in order to achieve our goal to become one of the leading environmental water players in the PRC."