Memstar Tech - Asset Acquisitions and Disposals
Announcement Type: Asset Acquisitions and Disposals
Company: MEMSTAR TECHNOLOGY LTD.
Stock Code/Name: 5MS - Memstar Tech
Company: MEMSTAR TECHNOLOGY LTD.
Stock Code/Name: 5MS - Memstar Tech
| Asset Acquisitions and Disposals::PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF LONGMEN GROUP LTD |
| Issuer & Securities |
| Issuer/ Manager | MEMSTAR TECHNOLOGY LTD. |
| Securities | MEMSTAR TECHNOLOGY LTD. - SG1W58939412 - 5MS |
| Stapled Security | No |
| Announcement Details |
| Announcement Title | Asset Acquisitions and Disposals |
| Date & Time of Broadcast | 22-Dec-2014 09:52:38 |
| Status | New |
| Announcement Sub Title | PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF LONGMEN GROUP LTD |
| Announcement Reference | SG141222OTHRVTAI |
| Submitted By (Co./ Ind. Name) | YEO HUI LIAN |
| Designation | GROUP FINANCIAL CONTROLLER |
| Description (Please provide a detailed description of the event in the box below) | See attached |
| Attachments |
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SGX - General Announcement::SGX welcomes China Everbright Water to Mainboard
Announcement Type: General Announcement
Company: SINGAPORE EXCHANGE LIMITED
Stock Code/Name: S68 - SGX
Company: SINGAPORE EXCHANGE LIMITED
Stock Code/Name: S68 - SGX
| General Announcement::SGX welcomes China Everbright Water to Mainboard |
| Issuer & Securities |
| Issuer/ Manager | SINGAPORE EXCHANGE LIMITED |
| Securities | SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68 |
| Stapled Security | No |
| Announcement Details |
| Announcement Title | General Announcement |
| Date & Time of Broadcast | 22-Dec-2014 09:25:56 |
| Status | New |
| Announcement Sub Title | SGX welcomes China Everbright Water to Mainboard |
| Announcement Reference | SG141222OTHRPUB2 |
| Submitted By (Co./ Ind. Name) | Carolyn Lim |
| Designation | VP, Marketing & Communications |
| Description (Please provide a detailed description of the event in the box below) | Singapore Exchange (SGX) today welcomed China Everbright Water Limited (CEWL) ( ), formerly known as HanKore Environment Tech Group Limited (HanKore), to Mainboard, under the stock code of U9E . The listing follows the acquisition by HanKore of the entire issued and paid-up share capital of China Everbright Water Investments Limited (CEWIL), for a consideration of S$1.2 billion, in the form of the issue and allotment of 1.9 billion new ordinary shares by HanKore. The enlarged entity will have an estimated market capitalisation of about S$2.4 billion. CEWIL is wholly owned by China Everbright International Limited (CEIL). CEIL is a subsidiary of China Everbright Group, one of the largest state-owned enterprises in China. HanKore is engaged in wastewater treatment, water recycling, water supply, sludge treatment as well as engineering, procurement and construction. CEWIL is involved in the environmental water business, including wastewater treatment, reusable water projects and wastewater heat pump projects in China. Chen Xiaoping, CEO of China Everbright International Limited and Chairman of China Everbright Water Limited, said, This marks a strategic milestone for China Everbright Water Limited. The whole is greater than the sum of its parts. The synergy generated from the integration of HanKore and Everbright Water will enlarge the new company s asset scale, project diversification and operational efficiency. All of these will be crucial to the Group s growth during the current China water industry boom and increased market competition. The listing on the SGX will ensure the Group has a comprehensive and international platform for market operation and a highly competitive edge. Leveraging on the central and strong position of Singapore in the water treatment industry, we are committed to developing the company into a leader of the water industry in China as well as globally. Meanwhile, we will continue to maintain stability and sustainability in our growth while capturing new market opportunities, thus, achieving the best return for our shareholders. We are pleased to welcome China Everbright Water Limited to SGX. The company s listing gives our investors further access to the water industry in China via a state-owned enterprise, adding both depth and diversity to our established environment sector. We look forward to more environment companies leveraging on Singapore and SGX as their respective platform for business growth and capital funding to expand, said Magnus Bocker, CEO, SGX. The listing of CEWL brings the total number of companies in the environment sector listed on SGX to 15 with a market capitalisation of more than S$8.4 billion. -End- |
| Attachments |
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