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Good News coming?
Hankore also amazingly resilient
Guess pennies still in the limelight ..... just that the BBs for some counters probably scare scare retailers to give up .....
TEE International Limited said on Tuesday that it has entered into a Memorandum of Understanding (MOU) with Pioneer Environmental Technology Pte Ltd, a unit of AnnAik Limited, to acquire a sewage treatment/waste water treatment plant in Huzhou, China.
Phua Chian Kin, group chief executive & managing director of TEE International Limited, said: "We aim to grow the size of our infrastructure asset portfolio to add a significant third pillar of growth to our group's existing engineering and real estate businesses."
"Infrastructure assets such as waste water treatment projects provide continuous income and stable yield which strengthens our asset base as a whole."
The MOU includes a six-month enforcement period with the consideration of a sales and purchase transaction structure.
Coming in action.....
price jump last minute.....more gd news coming...
instead of waiting 20 years...with this news..dont have to wait so long..maybe 19 yrs can liao.
HANKORE ENVIRONMENT TECH GROUP LIMITED
(Incorporated in Bermuda)
(Company Registration No. 34074)
__________________________________________________ _______________________________
AGREEMENTS ENTERED INTO BY THE COMPANY’S SUBSIDIARIES
- BUILD-OPERATE-TRANSFER (“BOT”) SUPPLEMENTARY AGREEMENT (THE “BOT
SUPPLEMENTARY AGREEMENT”) BETWEEN NANJING GOLDEN IDEA WATER
DEVELOPMENT CO., LTD. (“NANJING GOLDEN IDEA”) AND THE ADMINISTRATION FOR
HOUSING AND URBAN-RURAL DEVELOPMENT, PUKOU DISTRICT, NANJING CITY,
JIANGSU PROVINCE (“NANJING HCB”)
- REUSE WATER FRAME AGREEMENT (THE “FRAME AGREEMENT”) BETWEEN BEIJING
HANKELIN ENVIRONMENTAL TECHNOLOGY CO., LTD (“BEIJING HANKELIN”) AND
XIANYANG CITY ENVIRONMENTAL PROTECTION BUREAU (“XIANYANG EPB”)
__________________________________________________ _______________________________
Introduction
The Board of Directors of HanKore Environment Tech Group Limited (the “Company”) wishes to
announce that its subsidiaries have entered into the following agreements:
1. Nanjing Golden Idea has entered into the BOT Supplementary Agreement with Nanjing HCB
in relation to the Nanjing Pukou Zhujiang wastewater treatment plant (the “Nanjing Pukou
Plant”) on 1 April 2013 and
2. Beijing Hankelin has entered into the Reuse Water Frame Agreement with Xianyang EPB on
24 April 2013.
The BOT Supplementary Agreement BOT
According to the BOT Supplementary Agreement, due to the changes in the national or local
standards of sewage disposal and sludge treatment, the moisture content of sludge after treatment
will be less than 60%.
Due to the raising of standards for sludge treatment, the BOT Supplementary Agreement has been
entered into to adjust the price of the wastewater treatment as agreed by both parties. The key terms
of the BOT Supplementary Agreement are as follow:
1. The sludge treatment project (“the Sludge Treatment Project”) is an integral part of the
upgrading works for Phase I to Nanjing Pukou Plant conducted by Nanjing Golden Idea by
way of the BOT model.
2. The total investment in the Sludge Treatment Project by Nanjing Golden Idea is temporarily
RMB13,669,400, and the unit water tariff will increase by approximately RMB0.09 per tonne,
subject to the approval by the government of Pukou District, Nanjing City and based on the
audited budget upon completion of the Sludge Treatment Project.
3. Nanjing HCB shall also adjust the guaranteed water treatment volume in the BOT
Supplementary Agreement as follows:
(a) 40,000 tonnes per day from 1 July 2013
(b) 40,000 tonnes per day for 2014
(c) 60,000 tonnes per day for 2015
(d) 70,000 tonnes per day for 2016 and
(e) 80,000 tonnes per day from 2017 onwards.
4. The concession period of the Sludge Treatment Project (excluding the construction period)
shall be from 1 July 2013 to 17 April 2031.
5. Nanjing Golden Idea undertakes that the procurement and construction will follow the
intervals as scheduled and will ensure that all the works are completed before 30 June 2013,
with a capacity of sludge treatment of 50 tonnes per day.
The Frame Agreement
Beijing Hankelin and Xianyang EPB have entered into the Frame Agreement, whereby Xianyang EPB
has appointed Beijing Hankelin to manage and operate Xianyang Qingwei Water Reuse Limited (咸 阳
清 渭 中 水 有 限 公 司 ) (“Qingwei”) through Xianyang Bai Sheng Shui Purifying Co., Ltd. Qingwei is
owned by Xianyang EPB, and has a built capacity of 30,000 tonnes per day with a water reuse tariff of
RMB0.5617 per tonne through its water reuse plant (the “Qingwei Plant”).
The key terms of the Frame Agreement are as follow:
1. Both parties agree that Xianyang Bai Sheng Shui Purifying Co., Ltd. will manage and operate
Qingwei and the Qingwei Plant.
2. The scope of work includes Qingwei’s water replenishing to Xianyang Lake and providing
water to Datang Power Plant.
3. Xianyang EPB will use Qingwei as a platform to assist Beijing Hankelin to complete the
construction of water reuse facilities to increase the water reuse capacity to 200,000 tonnes
per day (the “Constructed Water Reuse Facilities”). In respect of the Constructed Water
Reuse Facilities, upon both parties confirming the design, Xianyang EPB may, investing by its
right to the water, appoint Beijing Hankelin to invest in the Constructed Water Reuse Facilities.
Preliminarily, the profit sharing ratio between Xianyang EPB and Beijing Hankelin will be at
2:8. If Xianyang EPB wishes to invest in cash, the aforesaid ratio will then be recalculated.
4. Both parties agree that the operation of the Qingwei and the Qingwei Plant will run
simultaneously with the operation period of phase 2 of the Xianyang Eastern Suburbs
Wastewater Treatment Plant owned by Xianyang Bai Sheng Purifying Co., Ltd.
BY ORDER OF THE BOARD
Chen Dawei, David
Executive Chairman
3 May 2013
leeeta ( Date: 02-May-2013 09:22) Posted:
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leeeta ( Date: 01-May-2013 22:16) Posted:
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Share7 ( Date: 01-May-2013 12:12) Posted:
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singa9999 ( Date: 01-May-2013 01:57) Posted:
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Share7, I wish I could disclose the Chartist company, if I had not signed on as a " paid-service" and with their proprietary clause ! Anyway, now they are saying short-term bullish and keeping the same 0.06-0.07c short term target since more than 15 days have passed. I saw some truth in those charts wrt Yingli and Europtronic, did not follow the rest.
Just like Lucky03 got shut down in CNA forum with spam postings when he tried to talk/discuss about Hankore, I too got removed from Punters Gallery on talking about Hankore......it seems SOME want to control its px movement until a certain point in time....so be it ! We may just have to wait and wait like David is, waiting !
singa9999 ( Date: 14-Apr-2013 18:53) Posted:
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wanawin ( Date: 30-Apr-2013 09:16) Posted:
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When is the time that hankore will get up and fly high?
Moore Stephens LLP, one of the top reputed CPA in the world, are HK's ext auditors, not any small local/china CPA.....so painting with S-chip stigma brush is just nonsense....people have to be informed !! Pl refer to HK official website. This is a GEM amongst the China water treatment companies on valuation and prospects basis other that the possibility of being sold away to a prospectful bidder !!
I have taken the name out for proprietary reasons. From a major SGP brokerage....those that subscribe to this brokerage know exactly what I mean.....things probably looking up finally for HK :-) Another brokerage said....short term target of 0.049. Good luck to HK holders.
HanKore Environment Tech Group Ltd forms bullish " Continuation Wedge" chart pattern
Apr 11, 2013
XXXX has detected a " Continuation Wedge (Bullish)" chart pattern formed on HanKore Environment Tech Group Ltd (B22:SGX-ST). This bullish signal indicates that the stock price may rise from the close of 0.04 to the range of 0.06 - 0.07. The pattern formed over 31 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: After a temporary interruption, the prior uptrend is set to continue. A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
This bullish pattern can be seen on the following chart and was detected by XXXX ......cannot attach the chart :-(