(Hong Kong Stock Code: 967)
Sound Global Remains Sound
Growing Momentum Continues with New Bundled PPP Project in Fuan
(Hong Kong, 11 Feburary 2015)Sound Global Ltd. ("Sound Global" or the "Company") is pleased to announce that, in February 2015, Sound Global received the pre-award of the bundled PPP project ancillary to the rural township domestic sewage treatment facilities in Fuan, Fujian Province, China.
The project is located in Fuan, Fujian Province, which comprises the rural township domestic sewage treatment facilities project and its ancillary pipe network in Muyang District (including three rural townships namely Muyang, Muyuan and Kang Cuo), Tan Tou, Shangbaishi, Xiabaishi, Shekou, Xiaoyang, Fankeng, Songluo, Xiwei, Xitan and Wanwu Towns (the old town section). Initially, the short-term designed capacity of the proposed bundling project is 16,000 tonnes/day. The short-term investment for the plant construction of 13 rural township domestic sewage treatment facilities is estimated to be approximately RMB60 million. The investment of drainage pipe network construction is approximately RMB160 million (totalling RMB220 million) with a concession term of 30 years.
Mr. Wen Yibo, chairman of Sound Global said that, with accelerating urbanisation, there is enormous market potential in rural township environmental governance. In this regard, the Company has introduced the SMART (Small & Skillful, Multiple & Modular, Active & Automatic, Rapid and Technologic) process specially designed for the rural township areas in Fujian, which is a combination modular and integrated monitoring sewage treatment technology and commercial model featuring a centralised plant as the core plant. Leverage on its technology, funding, management and full industry chain experiences accumulated over the years, coupled with the strengths of exclusive SMART process and third party environmental governance services, Sound Global endeavours to acquire a larger sewage treatment market share in the rural township areas in Fujian Province. So far, Sound Global has established presence in the rural township sewage treatment area in regions including Jiangsu, Hunan, Fujian, Shandong, Hebei, Liaoning, Shaanxi, Guizhou, Sichuan and Guangdong.
Notes:
Public - private partnership ("PPP")
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About Sound Global Ltd.
Sound Global is the leading one-stop integrated water and wastewater treatment solutions providers in the PRC. The Company offers services covering the full value chain of the water and wastewater treatment industry - from the design and construction of water and wastewater treatment facilities, to the operation and maintenance of water and wastewater treatment facilities and the manufacture of water and wastewater treatment equipment. With advantages in technology, capital, management and whole industry chain, Sound Global has earned a high reputation within the water industry for its excellence since its founding. The Company has very extensive business networks covering all major provinces in PRC. On top of coverage in domestic market, sound global has also penetrated into overseas market in 2009 and continued expanding its business presence internationally. Sound Global is the first Chinese water enterprise that successfully won the bid for the overseas water project.
The Company places significant emphasis on its in-house design capability and the innovative adaptation and application of technologies to offer customized, cost-effective and practical solutions for the diverse challenges presented by the treatment of municipal and industrial water and wastewater. With strong R&D and technical capacity, Sound Global could provide wastewater treatment solution for all major industries, particularly coking, metallurgy and petrochemical industries who demand highly sophisticated wastewater treatment technologies.
In 2011, Sound Global expanded into the markets of environmental management in China's suburban-rural areas. Sound Global researched and developed a new program -- the "Sound Global SMART△ Solution for wastewater treatment in Small Townships". This program was implemented in 18 bundled wastewater treatment projects in Changsha County of Hunan Province. This integrated wastewater treatment programs, developed by Sound Global, established successful models for wastewater treatment in suburban-rural areas of China.
△SMART: Small & Skillful, Multiple & Modular, Active & Automatic, Rapid and Technologic
This press release is issued by Wonderful Sky Financial Group Company Limited on behalf of Sound Global Ltd.
For further information, please contact:
Wonderful Sky Financial Group Company Limited
Abbey Zhao / Linda Liang / Tony Dai
Ext: (852) 3970 2150 / 3970 2186 / 3970 2156
Fax: (852) 2598 1588
Email: abbeyzhao@wsfg.hk / lindaliang@wsfg.hk / tonydai@wsfg.hk
Media Relations:
Connie Liu
Tel : (852) 3970 2290
Fax : (852) 2815 1352
Email : connieliu@wsfg.hk
