ZhongDe Waste Technology AG / Contract
16.06.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Press Release
ZhongDe Waste Technology AG announces signing of Lianshui BOO project
- 200 tons/day municipal waste incineration plant
- Extended concession period compared to non-binding letters of intent of
Jianou BOT project
- Agreements for 2 additional BOT projects in negotiation
- Strategy to expand the value chain into operating of waste incineration
plants on track
Hamburg, June 16, 2008 ZhongDe Waste Technology AG [Ticker ZEF] announced
today that ZhongDe Group ('ZhongDe') has signed binding agreements for a
BOO project ('Build Operate Own') in Lianshui Jiangsu, with a daily
waste disposal capacity of 200 tons in its first phase and another 200 tons
in the second phase. With this contract ZhongDe replaces the initially
planned Jian`ou project due to negotiated better terms: compared with the
original Jianou BOT project, the concession period has been extended from
20 years to BOO. ZhongDe is thereby implementing its key strategy to expand
the value chain into the operation of waste incineration plants and thus to
generate recurring revenues and to strengthen its market position in the
segment of municipal waste disposal.
Lianshui is a city with approximately one million inhabitants located in
the north of the Jiangsu province. The waste disposal fee, which amounts to
RMB 70 ( 6.60 at the current rate of exchange) per ton will be paid on a
monthly basis directly by the local municipalities in charge and adjusted
to the inflation index on an annual basis. The estimated total investment
cost amounts to approximately 3.71 million for the first phase.
The major portion of the proceeds generated by the Initial Public Offering
in July 2007 in the Prime Standard of the Frankfurt Stock Exchange will be
used to operate waste incinerators for and with municipalities in
conjunction with the production and marketing of by-products such as steam,
hot water, bricks and electricity. Prior to the Initial Public Offering
ZhongDe had signed six non-binding letters of intent for the operation of
BOT projects. Binding agreements for a BOT project in Xihua Henan and a BOO
project in Feicheng Shandong were signed in August 2007. Agreements for the
Xinjiang BOT project were signed in April 2008. Further negotiations for
two additional BOT projects in Guilin and Wuxiang are underway and on
schedule.
About ZhongDe Group:
ZhongDe Group designs, manufactures and installs pyrolytic, grate and
rotary kiln waste incinerators for the disposal of solid medical, municipal
and industrial (including hazardous) waste. Since 1996, ZhongDe Group has
installed approximately 180 waste incinerators in about 13 provinces, and
more than 120 waste incinerators in the last three financial years alone.
Its waste incinerators are principally constructed for operators of medical
disposal centres in the hospital and healthcare industry, as well as for
small and midsized Chinese cities in developed areas of the Peoples
Republic of China. ZhongDe Group is one of the leading suppliers of small
and midsized solid waste incinerators in China, supplying state-of-the-art
products. The trading of the shares (German Securities Identification
Number ZDWT01, ISIN DE000ZDWT018 and ticker symbol ZEF) commenced on the
Prime Standard segment of the Frankfurt Stock Exchange on July 6, 2007.
This document constitutes neither an offer to sell nor a solicitation to
buy securities of ZhongDe Waste Technology AG. The securities have already
been sold.
This document is not an offer of securities for sale in the United States
of America. Securities may not be offered or sold in the United States of
America absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended. The shares in ZhongDe Waste
Technology AG have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and are not being and will not be
offered or sold in the United States of America.
This document is directed at and/or for distribution in the U.K. only to
(i) persons who have professional experience in matters relating to
investments falling within article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (ii)
high net worth entities falling within article 49(2)(a) to (d) of the Order
(all such persons being together referred to as 'relevant persons'). This
document is directed only at relevant persons. Any person who is not a
relevant person should not act or rely on this document or any of its
contents. Any investment or investment activity to which this document
relates is available only to relevant persons and will be engaged in only
with relevant persons.
Contact
Matthias Link
Managing Director
Citigate Dewe Rogerson GmbH
Goethestraße 26-28
60313 Frankfurt am Main
Tel: 0049-69 90 500-150
Fax: 0049-69 90 500-102
E-Mail: matthias.link@citigatedr.de
Internet: www.citigatedr.de
DGAP 16.06.2008
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Language: English
Issuer: ZhongDe Waste Technology AG
Stadthausbrücke 1-3
20355 Hamburg
Deutschland
Phone: +49 40 37644 745
Fax: +49 40 37644 500
E-mail: cornelia.dieker@zhongdetech.de
Internet: www.zhongdetech.de
ISIN: DE000ZDWT018
WKN: ZDWT01
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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DGAP-News: ZhongDe Waste Technology AG: ZhongDe Waste Technology AG announces signing of Lianshui BOO project
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