《China Water Blog》.pdfVIP

JPM-pp1 Asia Pacific Equity Research 20 July 2015 China Water Blog BJE Water added 2.2MM tons new capacity YTD; Baring PE sells Kangda shares; Dynagreen positive profit alert Highlights * Beijing Enterprises Water adds 2.2MM tons capacity in 2015 YTD * Kangda chairman to acquire 2.9% stake of Kangda from Baring PE at HK$3.85/share * Dynagreen expects at least 150% growth on net profit in 1H15 * Sound Global names new member of audit committee * China approves the first PPP fund in Henan Company news • Beijing Enterprises Water adds 2.2MM tons capacity in 2015 YTD: According to Water Net, Beijing Enterprises Water has secured 20 projects YTD with new capacity addition of 2.2MM tons/day. Locations of the projects are in Henan, Hebei, Hunan, Sichuan, Shandong, Shanxi, Guangdong, Inner Mongolia and Beijing. The total investment is RMB5 billion. (Source: Water Net, 13 Jul 2015) Table 1: Projects acquired in 2015 YTD Project name Designed capacity Total InvestmentProject details Location (tons/day) (Rmb MM) Nanyang Tianrun Water 150,000 100Tap water supplier in Henan District Henan Raoyang water treatment project 50,000 70BOT Hebei Nangong sewage treatment project 10,000 11BOT Hebei Nanyang Shenglong tap water 60,000 60Tap water supply Henan Beijing Zhong Tian Run Bo Water 150,000 90Sewage treatment and reclaim water Beijing Donghu surface water project