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CITIC Envirotech (formerly: United Envirotech)
19-01-2017, 02:40 PM.
Post: #31
RE: CITIC Envirotech (formerly: United Envirotech)
(28-11-2016, 06:00 PM)cyclone Wrote: The company is proposing to split every 1 existing ordinary share in its share capital into 2 shares.

As at today, the company has an issued and paid-up share capital of S$542,231,313.50 comprising 1,127,927,588 shares. Upon the completion of the share split, the number of issued shares will increase to 2,255,855,176 Shares, assuming that no further shares are issued on or prior to the completion of the share split.

More details in http://infopub.sgx.com/FileOpen/CEL-Annt...eID=430946

NOTICE IS HEREBY GIVEN that the share transfer books and Register of Members of the Company will be closed at 5.00 p.m. on 31 January 2017 for the purposes of determining the shareholdings of the Shareholders pursuant to the Share Split and updating of the Register of Members of the Company pursuant to the Share Split. 

Trading in the Shares on a pre-split basis will cease at 5.00 p.m. on 25 January 2017 and trading in the Shares on a post-split basis will commence from 9.00 a.m. on 26 January 2017.
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

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05-09-2017, 02:51 AM.
Post: #32
RE: CITIC Envirotech (formerly: United Envirotech)
CITIC Envirotech Secured a RMB 315 million Hazardous Waste Treatment Project in Binzhou City, Shandong Province, China

CITIC Envirotech Ltd announced that the Group has secured a RMB 315 million hazardous waste treatment project in Binzhou City, Shandong Province.

The project involves the acquisition of 100% shareholding of Shandong Yunshui Jili Environment Protection Co., Ltd ("Yunshui"), which owns the licenses and land required for a hazardous waste treatment facility in Binzhou City. The consideration for the acquisition is RMB 55 million. CEL will invest an additional RMB 260 million for the construction and the completion of the facility.

The design capacity of the hazardous waste treatment facility will be 60,000 tons per year, which consists of an incineration plant, a physical-chemical treatment plant and a landfill, with treatment capacities of 20,000 tons per year for each plant. The project is targeted to be completed within 12 months.

More details in http://infopub.sgx.com/FileOpen/CEL.%20A...eID=469467
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Specuvestor: Asset - Business - Structure.

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09-05-2018, 05:57 PM.
Post: #33
RE: CITIC Envirotech (formerly: United Envirotech)
CITIC Envirotech Secured RMB 720 Million PPP Project In Yunfu City, Guangdong Province, China

CITIC Envirotech Ltd. ("CEL") announced that the Company has secured a RMB 720 million Public-PrivatePartnership (“PPP”) project in Yunfu City, Guangdong Province. The project involves the design, construction and operation of four wastewater treatment plants, approximately 600 wastewater treatment stations and wastewater collection piping networks covering more than 80% of the villages in the Yunfu region, as well as the construction of 35 new villages.

Backed by the Chinese government, this project is part of Guangdong Province's thirteenth five-year environmental protection plan to develop and beautify the villages and townships in Yunfu City by 2020. It is the first environmental protection PPP project in the region and has strong governmental policy and financial support.

A project company will be formed to undertake the PPP project with CEL owning 88% of the shareholding, while the local government owns the remainder.

Construction will commence in September 2018 and is scheduled to be completed by August 2020. The project comes with a service concession of 28 years with minimum guaranteed and fixed revenue.

The capital injection of the above investments is from the proceeds of the recent share placement of S$70 million in the capital of the Company and bank financing.

The above investments have no material effect on the net tangible assets per share or earnings per share of the Company for the financial year ending 31 December 2018.
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Specuvestor: Asset - Business - Structure.

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23-05-2018, 06:30 PM.
Post: #34
RE: CITIC Envirotech (formerly: United Envirotech)
CITIC Envirotech says subsidiary in talks to acquire shares from founder & COO after SGX price fall query

By: Michelle Zhu
23/05/18, 05:56 pm

SINGAPORE (May 23): CITIC Envirotech has revealed that subsidiary CITIC Environment (International) Company is in talks with founder and non-executive director Lin Yucheng as well as group chief operating officer Pan Shuhong on the potential acquisition of a less than one third stake currently held by each of them.

The potential acquisition was announced in an aftermarket filing by CITIC Envirotech in response to an 11.22am query by the Singapore Exchange to disclose any information which may explain the unusual volume movements in the trading of its shares.

Shares of CITIC Envirotech plunged to a low of 60 cents half and hour after the market opened this morning from its opening price of 68 cents, prompting the bourse regulator to issue the query.

More details in https://www.theedgesingapore.com/citic-e...fall-query
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Specuvestor: Asset - Business - Structure.

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23-05-2018, 09:05 PM.
Post: #35
RE: CITIC Envirotech (formerly: United Envirotech)
I believe CITIC environment international is NOT the subsidiary of CITIC envirotech. It is one of the vehicle controlled by the majority shareholder. If u look at past year AR CITIC environment international has 60 plus percent deemed interested in the listco.

Also the way the announcement was phrased is that the listco only inadvertently found out about this discussion.

Also, if u baidu the Chinese name of the outgoing non exec chairman, there’s some article that suggests that he’s in trouble along wih the citic envirotech entity for some rendering issue in China water project. Not clear how true is that as I only saw one such article and didn’t not verify it. But that article was dated 14 may 18 (quite recent)

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07-06-2018, 07:02 PM.
Post: #36
RE: CITIC Envirotech (formerly: United Envirotech)
CITIC Envirotech Secured A Fully-Integrated Environmental Project Worth RMB 1 Billion In Anyang City, Henan Province, China

CITIC Envirotech Ltd announced that the Group has secured a fully-integrated environmental project worth RMB 1 billion in Anyang City, Henan Province.

The Build-Operate-Transfer ("BOT") project involves the design, construction and operation of a 30,000 m3/day wastewater treatment plant, a 25,000 m3/day water purification plant, a 10,000 m3/day water recycling plant, a cogeneration plant with design capacities of 100 tons steam/ hour and 600,000 kwh electricity/day, and a 220,000 square meters production factory and workers dormitory.

CEL and Fengzhu Textile Technology Co., Ltd will set up a project company with shareholdings of 90% and 10% respectively to undertake this project.

The project will commence from the third quarter of 2018 and will take two years to complete. The project comes with a service concession of 38 years and a 60% minimum offtake by the government throughout the service concession period for wastewater treatment, water purification, water recycling and cogeneration.

Fengzhu Textile is a A-share listed company in China that specializes in cotton spinning, dyeing and finishing, knitted fabrics and bobbin yarn production. It is one of the largest knitted dyeing and finishing manufacturer and knitwear exporter in Fujian Province.

More details in http://infopub.sgx.com/FileOpen/CEL.Anno...eID=509186
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Specuvestor: Asset - Business - Structure.

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12-06-2018, 07:11 PM.
Post: #37
RE: CITIC Envirotech (formerly: United Envirotech)
CITIC Envirotech Secured RMB 680 million In Two Industrial Hazardous Waste Treatment Projects in Xinjiang Province, China

CITIC Envirotech Ltd ("CEL") announced that the Group has secured two industrial hazardous waste treatment projects in Xinjiang Province, with a total investment amount of RMB 680 million.

The first project is a RMB 650 million Build-Own-Operate ("BOO") project of a 400,000 tons per year solid waste plant, a 50,000 tons per year hazardous waste plant and a landfill in the Korla Economic and Technological Development Zone ("Korla ETDZ") in the capital of Bazhou City under the Xinjiang Uygur Autonomous Region. The waste treatment facility is the first in Korla ETDZ and will serve the industries in oil and petrochemical, fine chemicals, cotton, chemical fiber, printing and dyeing, mining and machinery manufacturing located in the 140km2  industrial zone.

The project will commence immediately and is targeted to be completed by end 2019. A project company will be formed by CEL and Xinjiang Tiansheng Maoyuan Environmental Protection Technology Co., Ltd. with shareholdings of 60% and 40% respectively, to undertake this project. Xinjiang Tiansheng is a local environmental engineering company with experience in hazardous waste disposal, engineering survey and design and ecological monitoring.

The second project involves the upgrading and operation of an existing hazardous waste treatment facility in Aksu City, Xinjiang Province. The investment for the upgrade is RMB 30 million. The facility is a national hazardous waste and medical waste disposal facility to treat hazardous wastes in southern Xinjiang prefecture and medical wastes for eight counties in the Aksu region.

The design capacity of the hazardous waste treatment facility is 12,600 tons per year, which consists of an incineration plant, a waste treatment plant and a landfill. The project comes with a service concession of 27 years. A project company will be formed by CEL and Wangchao Xinwei Environmental Protection Technology Co., Ltd, with shareholdings of 60% and 40% respectively, to undertake this project.

More details in http://infopub.sgx.com/FileOpen/CEL-Anno...eID=510659
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Specuvestor: Asset - Business - Structure.

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06-11-2019, 07:42 PM.
Post: #38
RE: CITIC Envirotech (formerly: United Envirotech)
Pre-Conditional Exit Offer for the Proposed Voluntary Delisting of Citic Envirotech Ltd.

For each Offer Share: S$0.55 in cash

The Exit Offer Price represents the following premium over the historical transacted prices of the Shares on the SGX-ST:
* 48.6% Premium over Last traded price of the Shares on the SGX-ST on the Last Trading Day of S$0.370
* 61.9% Premium over VWAP per Share for the one-month period up to and including the Last Trading Day of S$0.340
* 68.5% Premium over VWAP per Share for the three-month period up to and including the Last Trading Day of S$0.326
* 65.5% Premium over VWAP per Share for the six-month period up to and including the Last Trading Day of S40.332
* 39.6% Premium over VWAP per Share for the 12-month period up to and including the Last Trading Day of S$0.394

More details in https://links.sgx.com/FileOpen/CEL.Annou...eID=584599
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Specuvestor: Asset - Business - Structure.

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