Corporate | 23 December 2013 12:00
DGAP-News: ZhongDe Waste Technology AG / Key word(s):
Contract/Disposal
23.12.2013 / 12:00
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ZhongDe Waste Technology AG signed contract to sell Beijing Miyun
manufacturing site
Frankfurt, December 23, 2014 - Following its business strategy to focus on
large-scale BOT and EPC projects, ZhongDe Waste Technology has signed a
contract to sell its subsidiary Beijing ZhongDe Fengquan Environmental
Protection Technology Ltd. ('Beijing ZhongDe') for 50 million Renminbi
(about 6 million Euros). Beijing ZhongDe is the owner of the Beijing Miyun
manufacturing site for small-size incinerators.
The sale will have a positive impact on the company's earnings of the
fourth quarter 2013. Furthermore the sale of Beijing ZhongDe provides the
Group with a cash inflow to be used for its current BOT and EPC projects as
well as for investing in future projects.
Consistent with ZhongDe's strategy, the management also terminated the
contracts of its EPC projects in Zhaodong and in Shouguang as expected.
Thus from now on the company can fully concentrate on the completion of its
current BOT and EPC projects and on starting the construction of the BOT
project in Lanzhou and the EPC project in Wuhai. Especially these two
projects will generate additional profit for the company in the upcoming
years. Furthermore, two of ZhongDe's energy-from-waste plants, one located
in Zhoukou and the other one in Xianning, have entered into trial operation
and are expected to be completed in 2014.
About ZhongDe Group
ZhongDe Group designs, invests, constructs, finances and operates
energy-from-waste plants generating electricity from the incineration of
solid municipal and industrial waste. ZhongDe realises either EPC
(Engineering, Procurement and Construction) or BOT (Build, Operate and
Transfer) projects, focusing on large-scale plants with waste disposal
capacities of around 1,000 tons per day. Since 1996, ZhongDe Group has
installed approximately 200 waste incinerators in 13 provinces throughout
China. ZhongDe is one of the leading players in the project development and
operation of energy-from-waste plants in China.
Contact
ZhongDe Waste Technology AG
William Jiuhua Wang
Executive Director and CFO
E-Mail: william.jw@zhongdetech.com
Ying Sun
Investor Relations
Messeturm 25th floor
Friedrich-Ebert-Anlage 49
60308 Frankfurt am Main
T: +49 69 50956 5655
F: +49 69 50956 5520
E-Mail: ying.sun@zhongde-ag.de
Kirchhoff Consult AG
Nicole Schüttforth
Investor Relations Consultant
T: +49 40 60 91 86 64
F: +49 40 60 91 86 60
E-Mail: nicole.schuettforth@kirchhoff.de
End of Corporate News
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Language: English
Company: ZhongDe Waste Technology AG
Messeturm 25th floor
60308 Frankfurt
Germany
Phone: + 49 69 50956 5655
Fax: + 49 69 50956 5520
E-mail: ying.sun@zhongde-ag.de
Internet: www.zhongde-ag.de
ISIN: DE000ZDWT018
WKN: ZDWT01
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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