Everbright Water Makes Trading Debut on the Main Board of HKEX, Marking Its Dual Listings in Singapore and Hong Kong
(Hong Kong, May 8, 2019) A leading integrated water environmental solutions provider in China - China Everbright Water Limited (“Everbright Water” or the “Company”, stock code: U9E.SG and 1857.HK), is officially listed on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEX” or “Hong Kong Stock Exchange”) today, marking the Company’s dual listings in Singapore and Hong Kong.
Mr. Li Xiaopeng, Chairman of China Everbright Group Ltd. (中國光大集團股份公司) (“Everbright Group”) attended Everbright Water’s listing ceremony and hit the gong at the ceremony, witnessing the milestone moment together with the management of the Company.
Mr. Cai Yunge, Deputy General Manager of Everbright Group and Chairman of the board of directors of China Everbright International Limited (中國光大國際有限公司) (“Everbright International”), the controlling shareholder of Everbright Water, addressed in his speech at the listing ceremony, saying that: "Following the listing on the Hong Kong Stock Exchange, Everbright Water has become the second business sector of Everbright International that enters the Hong Kong’s capital market. It has also become Everbright Group’s 8th company that is listed in Hong Kong. It also marks Everbright Group’s third environmental protection company to go public in Hong Kong, as well as the very first company that is dual listed in Singapore and Hong Kong.”
Mr. Cai Yunge emphasised that: "With Everbright Water’s successful listing in Hong Kong, we would like to extend our appreciation to investors who have been supporting the development of the Company for a long time. Looking ahead, Everbright Water will seize relevant national policy benefits and market opportunities, and accelerate the development of new technology and new business. The Company will seize a competitive position in the areas of wastewater treatment and water environment management segments, continuously enhance its market competitiveness, with an aim of providing sustainable and sound returns for the shareholders, delivering sustainable and safe water resources to the society, and providing sustainable and clear water environment for the ecology.”
Mr. Wang Tianyi, CEO of Everbright International and Chairman of Everbright Water, pointed out that, “The successful listing of Everbright Water, a subsidiary of Everbright International, on the Hong Kong Stock Exchange today has led to the Company’s dual listings in Singapore and Hong Kong, starting a new chapter for in the Company’s development. It also marks the second enterprise under Everbright International that is listed on the Main Board of the HKEX, following Everbright International’s spin-off of its greentech business sector for a public listing on the Main Board of HKEX in 2017. We would like to extend our heartfelt gratitude to the investors and stakeholders of the Company for their long-term trust and support. The dual primary listings in Singapore and Hong Kong will facilitate Everbright Water to attract different investors, broaden its shareholder base, and contribute to its long-term growth. We will leverage on the advantageous resources from Hong Kong’s capital market, give full play to our competitive edges in brand and quality, enhance our core competitiveness, and consolidate our market position, with a view to providing better investment returns for our shareholders, as well as providing greater contribution to China’s tough battle against pollution.”
About China Everbright Water Limited
China Everbright Water Limited (“Everbright Water”) is a leading integrated water environmental solutions provider in China. It is a company listed on Singapore Exchange Securities Trading Limited and the Main Board of the Hong Kong Stock Exchange (stock codes: U9E.SG and 1857.HK), with its controlling shareholder being China Everbright International Limited (中國光大國際有限公司) (stock code: 257.HK).
According to Frost & Sullivan, Everbright Water is the largest central state-owned enterprise operating in the wastewater treatment industry in China, as well as the third largest wastewater treatment service provider in the Bohai Economic Rim in terms of treatment capacity in 2017. The Company is also among the top ten integrated water resources solutions providers in the country in terms of the 2017 market share, and one of the only three companies in China that were ranked among the top ten in the municipal wastewater treatment and the water environment management markets in 2017.
Everbright Water offers comprehensive and integrated water environment management solutions, including municipal and industrial wastewater treatment, sludge treatment and disposal, water environment treatment, sponge city construction, reusable water, wastewater heat source pump, leachate treatment, research and development of water environment technologies and engineering construction. The Company’s geographical footprint spans across East, Central, South, North and Northeast China, including Beijing, Jiangsu, Shandong, Shaanxi, Henan, Hubei, Guangxi Zhuang Autonomous Region, Liaoning and Inner Mongolia Autonomous Region, etc. As at 31 December 2018, Everbright Water invested in and operated water treatment projects with a designed daily water treatment capacity of more than five million tonnes in total.