[ET Net News Agency, 21 May 2019] Guangdong Investment Unit (00270) said the company,
Guangdong Water Co, Jiangsu Chunghe Yongtai and CFMG were the successful bidder in a PPP
Project of Yangtze River water diversion project in Xinghua, Jiangsu, the PRC.
The estimated total investment amount of the PPP project is RMB2.76 billion. The
company, Guangdong Water Co, Jiangsu Chunghe Yongtai, CFMG and Xinghua City Investment
will set up a joint venture and contribute to the registered capital as to RMB317.38
million, RMB100.04 million, RMB20.7 million, RMB20.7 million and RMB231.13 million in
cash, representing 46%, 14.5%, 3%, 3% and 33.5% equity interests in the JV company,
respectively.
The cooperation period of the project is 30 years, comprising a construction period of 2
years and an operation period of 28 years. As the PPP project is a large-scale raw water
project in the market, it can increase the group's raw water supply scale and water
assets, which can further enhance the group's market share, influence and visibility in
the Jiangsu water market. (RC)