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SINGAPORE, 20 January 2009- SGX-Main-board listed CNA Group Ltd. (“CNA” or “the
Group”), an award-winning enabler of intelligent buildings and facilities, announced today
that the Engineering, Procurement and Construction (“EPC”) order book of its 49.9%-
owned associate, Standard Water Limited (“SWL”) has jumped to RMB230 million as at 31
December 2008 on recently secured new wastewater treatment projects in China.
This order book of RMB230 million is to be completed progressively in 2009 and in 2010.
SWL, through its joint venture investment company, Crystal Water Co. HK Ltd (“Crystal
Water”) with Standard Chartered IL & FS Asia Infrastructure Growth Fund Company Pte
Ltd (“SCIA”) secured two “Build, Operate And Transfer” (“BOT”) projects and one “Transfer,
Operate, Transfer” project in Shandong and Hebei provinces respectively.
These latest projects together with fourteen other ongoing BOT projects of Crystal Water in
Shandong, Shaanxi, Zhejiang and Jiangsu provinces are expected to provide a total
treatment capacity exceeding 400,000 tons per day. Presently, five BOT projects including
four in Shandong and one in Zhejiang provinces have been fully completed by SWL and
are on trial running. They are scheduled to put into commercial operation in the first quarter
of 2009.
Upon commercial operation, it is expected that SWL will start to earn revenue from the
provision of operations and maintenance (“O&M”) services to Crystal Water from FY2009
onwards. This will continue into subsequent years during the concession periods of the
various treatment plants owned by Crystal Water.
SINGAPORE
Reporting a 108% surge in revenue to S$71.9 million as compared to $34.6 million, the 9M 2008 sterling topline performance which surpasses FY2007 was driven by continuing strong growth in the Group’s Middle East and China core control and automation ("C&A") operations which began to reap increasing returns on better economies of scale and higher-margin implementations.
Healthy cash balances at S$14.3 million
Now that initial investments are paying off from overseas expansion, Group will continue to work on improving internal efficiencies and working capital
Strong order book of approximately S$158 million across China, the Middle East and Singapore; CNA remains committed to overseas expansion strategy
Outlook: the Board of Directors believes that the Group’s performance in 2H 2008 will better 1H 2008
SGX-listed CNA Secures First Connected
Real Estate Technology Project In China
•
“proof-of-concept” of “Digital Land connected building
experience centre”
CNA’s largest facility implementation in China till date is a•
expected to impact FY2008 performance
Strategic win lifts China C&A order book by RMB60.0mSINGAPORE – 6 October 2008
– CNA Group Ltd. (“CNA” or “the Group”)announced today that its 100%-owned subsidiary, CNA China Co., Ltd. (“CNA China”)
has secured its first “Connected Real Estate” technology (“CRE”) project, a milestone
achievement which helped lift its order book with RMB60.0 million worth of new control
and automation (“C&A”) projects in China.
The SGX Main board-listed award-winning enabler
Dropped to 0.16. What is wrong with this counter?
SINGAPORE
“the Group”
providing an Intelligent Building Management System (“IBMS”) and structured cabling
system for Singapore’s Changi Airport Terminal 1 upgrading initiative.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1DA00DC51D1FEA69482574AD000DBA82/$file/Pressreleasechangiterminal1.pdf?openelement
SGX-LISTED CNA CONTINUES TO EXPAND
C&A BUSINESS OVERSEAS;
INVESTS US$2 MILLION TO BUY 51% STAKE
IN VIETNAM-BASED MEP CONTRACTOR, HTE
ENGINEERING
designed to tap Vietnam’s infrastructure, industrial,
residential and commercial sectors buoyed by continuing
foreign investment that remains optimistic of the
country’s long term growth prospects
Latest deal which follows CNA’s Vietnam JV, ACE,
base by 100 workers who can also be effectively deployed
for projects around the region
Move will immediately expand CNA’s technical manpower
performance from 2H2008
Latest deal expected to positively impact the Group’sSINGAPORE
Group”
Mechanical Engineering and Plumbing (“MEP”) services in Vietnam via a subscription of
new shares as part of its efforts to accelerate growth of its control and automation (“C&A”)
business in overseas markets.
CNA said it is buying the controlling stake in HTE Engineering (Vietnam) Co. Ltd. (“HTE”),
which provides MEP services to the residential, industrial and commercial sectors in
Vietnam for US$2 million.
The acquisition, to be entirely funded by internal resources and to be completed on or by
31 July 2008, follows CNA’s Vietnam joint venture, ACE in 2007, and builds upon its
strategy to tap the opportunities in Vietnam’s infrastructure, industrial, commercial and
residential growth which continues to be fuelled by foreign investment, remaining optimistic
of the country’s long term growth prospects.