China Everbright Water files proofs for HK dual listing

MAINBOARD-listed China Everbright Water moved one step closer to a dual listing in Hong Kong.

On Tuesday, the firm submitted draft application proofs with the Stock Exchange of Hong Kong ahead of a planned listing on its main board. The expected timetable and other details on the offering will only be disclosed after the final prospectus is registered. China Everbright Water, which builds and manages water treatment plants, was listed in Singapore in 2014 through the acquisition of HanKore via a reverse takeover.The group said that from 2015 to 2017, the growth rates of its revenue and net profit were one of the highest as compared with companies listed in Hong Kong with a similar business scope, according to Frost & Sullivan, a global research and consultancy firm.

China Everbright Water shares fell half a Singapore cent or 1.43 per cent to S$0.345 before the lunch break on Wednesday.

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China Everbright FY18 profit grows 32%; to pay out 0.5 Singapore cent/shareCHINA Everbright Water's net profit rose 32 per cent to HK$676.5 million (S$116.5 million) for 2018 as it recorded higher revenues from construction, operation and finance, the water treatment company announced on Wednesday during the market's midday trading break. Read more at The Business Times.
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