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Hot stock: China Everbright Water rises on project wins
SHARES of wastewater treatment firm China Everbright Water gained on Wednesday after it inked deals for multiple projects in central China. The stock rose 2.5 Singapore cents to S$0.49 as at 9.33am.
A consortium led by China Everbright Water has entered into an agreement to embark on multiple projects worth a total of 956 million Chinese yuan (S$195 million) in a prefecture-level city in central China.
The partnership agreement, inked with the Construction Bureau of the Suizhou Hi-Tech Industry Zone, involves the financing, designing, construction, operation, management and maintenance of projects in the city, said China Everbright Water in a Tuesday release after the stock market closed. Suizhou is a northern city in China's central province of Hubei.
These projects involve the landscaping of both banks of the Fuhe River for 13 years, an industrial waste water treatment plant and a related pipeline network of about 53km in Xihe county for 25 years, and the landscape and water environment restoration of Piaoshui Park for 13 years.