SOUND GLOBAL LTD. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
SOUND GLOBAL LTD.桑德國際有限公司*
(Incorporated in the Republic of Singapore with limited liability)
(Company Registration Number 200515422C) (Hong Kong Stock Code: 00967) SOUND GLOBAL'S NEW INVESTMENT IN 33 TOWNSHIP SEWAGE TREATMENT PROJECTS IN BAZHONG CITY OF SICHUAN PROVINCE
Sound Global Ltd. ("Sound Global" or the "Company") is pleased to announce that, in December 2014, Sound Global has committed new investment in 33 township BOT sewage treatment projects in Enyang District, Bazhong City, Sichuan Province.
Sound Global will invest in, construct and operate these 33 township sewage treatment plants in Enyang District. Of which 12 plants are to be built as Phase I, with a sewage treatment capacity of approximately 6,000 tonnes per day and the processed water quality meeting Class I B standard as set out in the Discharge Standards on Pollutants from Urban Sewage Treatment Plants (GB18918-2002). The concession period is 30 years which will commence from the first day of commercial operation of these plants.
These projects are new commitments that Sound Global has made after it won the bid for 18 township BOT projects in Tongjiang County, Bazhong City. As a traditional revolutionary base, Bazhong City is densely- populated and quite influential as a demonstration city. This successful bid will promote the development of township sewage treatment plants in Bazhong City and its neighboring areas as well as other old revolutionary regions, and accelerate Bazhong City's urbanization process.
None of the Directors or substantial shareholders of the Company has any interest, direct or indirect (other than through their shareholdings in the Company), in the above-mentioned transaction.
The accounting treatment methods to be adopted for these projects will be consistent with those used for previous operation and maintenance projects. It is expected that this transaction will have no material effect on the net earnings per share and the net tangible assets per share of the Company for the financial year ended 31 December
2014.
By Order of the Board Wen Yibo Chairman
Hong Kong, 8 January 2015
As of the date of this announcement, the executive Directors are Wen Yibo, Zhang Jingzhi, Wang Kai, Luo Liyang and Jiang Anping; and the independent non-executive Directors are Fu Tao, Seow Han Chiang Winston and Wong See Meng.
* For identification purposes only
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