Sie sind auf Seite 1von 2
Press Release CNA’s Associate Standard Water Limited’s Joint Venture Company secures RMB400 Million Working Capital

Press Release

CNA’s Associate Standard Water Limited’s Joint Venture Company secures RMB400 Million Working Capital Loan from Bank of China

SINGAPORE, 17 September 2009- SGX-Main-board listed CNA Group Ltd. (“CNA” or “the Group”), an award-winning enabler of intelligent buildings and facilities, announced today that it’s 49.9%-owned associate, Standard Water Limited’s (“SWL”’s) joint venture investment company Crystal Water Company Limited (“CWL) has secured a RMB400 million loan from Bank of China.

The 10-year term loan will be used by CWL to finance SWL for the construction of 17 of CWL’s Build-Operate-Transfer (“BOT”) projects located in Shandong, Shaanxi, Zhejiang, Jiangsu and Hebei provinces in the People’s Republic of China (“PRC”).

Commenting on the working capital injection, CNA’s President and Chief Executive Officer Mr Michael Ong said, “These funds will bridge CWL’s working capital requirement so that SWL and CWL can continue to leverage on the vast waste water opportunities in the PRC. Despite an increasingly competitive operating environment, SWL and CWL’s substantial operating experience and track record of reference projects continue to add momentum to their market expansion plans.”

“We are confident that our investment in SWL will continue to pay off,” he added.

Presently, eight BOT projects have been completed and in operation. Another six BOT projects are at an advanced stage of completion. It is expected that the total treatment capacity of all 17 BOT projects when they are fully operational, will be more than 400 kilotonnes per day.

With the loan in place, CWL and SWL are also negotiating and finalising several new BOT projects in Shandong, Jiangsu and Hebei provinces that will collectively add another 200 kilotonnes of treatment capacity.

Separately, SWL has entered into another agreement for a 60 kilotonnes treatment capacity Transfer-Operate-Transfer project in Guizhou province. The investment is funded by a RMB62 million term loan of 8.5 years from the Construction Bank in Guizhou. The project is currently in a testing and commissioning phase and is expected to be operational before the end of 2009.

SWL is a specialist engineering, procurement and construction (“EPC”) contractor for the municipal waste water treatment projects in the various provinces in China. It also provides operation and management (“O&M”) services to the treatment plants.

BOT project is a form of project undertaking by the Group where CWL finances and owns the concession of the waste water treatment plants and SWL constructs, operates and maintains the waste water treatment plants on behalf of CWL.

waste water treatment plants and SWL constructs, operates and maintains the waste water treatment plants on
For the first half ended 30 June 2009, SWL continued to contribute strongly S$2.3 million

For the first half ended 30 June 2009, SWL continued to contribute strongly S$2.3 million to the Group’s bottomline.

~ end of release ~

This press release is to be read in conjunction with the Company’s exchange filing of the announcement, which can be downloaded from www.sgx.com via listed company announcements.

About CNA Group Ltd.

CNA Group Ltd. (“CNA”) is an award-winning specialist in the provision, design, implementation and maintenance of advanced integrated control and automation systems and IT solutions that enable intelligent buildings and facilities.

In late May 2006, CNA added a new dimension to its business strategy when it acquired a stake in Beijing Herocan Environmental Engineering Tech Co. Ltd. (“Herocan”) a leading one-stop provider of water and waste treatment solutions in China. The move which allowed the Group to springboard into the fast-growing water and environmental sector in China is in line with CNA’s efforts to expand into or invest in businesses with strong growth potential. CNA’s associate level stake in Herocan is held through Standard Water Limited formerly known as China Water Holdings Limited

Similarly, in October 2008, CNA acquired a 28%-stake in Xiamen Leccan Technology Co., Ltd. (“Leccan”) based in Xiamen City, Fujian Province in China. Leccan specialises in the design, construction, installation and maintenance of wastewater treatment plants for the textile, printing and electroplating industries.

CNA’s strength is in combining its domain knowledge and expertise with its proprietary SIRIUS™ system technology to build high-level and fully integrated Intelligent Building Management Systems (“IBMS”) and Intelligent Facility Management Systems (“IFMS”) that are able to integrate, monitor and control a diverse range of mechanical, electrical, security and climate control systems within a building or facility.

Headquartered in Singapore, CNA has a direct presence in China, Vietnam and the Middle East, serving an impressive list of customers in Singapore, Malaysia, Myanmar, Philippines, Thailand, India, China, Dubai, Qatar and Oman.

Issued of behalf of the Company by:

WeR1 Consultants Pte Ltd Ms Mona Leong Principal Consultant Email :monaleong@wer1.net Tel: +65 6737 4844 Fax: +65 6737 4944

Ms. Reshma Jain Consultant Email: Reshma@wer1.net

Email : monaleong@wer1.net Tel: +65 6737 4844 Fax: +65 6737 4944 Ms. Reshma Jain Consultant Email: