Epure investing in 38m yuan China project

I personally have invested on Epure International and it looks like it is bearing fruits.

Epure investing in 38m yuan China project

The Business Times
July 16, 2009

WATER treatment company Epure International is investing in a 38 million yuan (S$8 million) project in China's Shaanxi province.

The company announced yesterday the establishment of a wholly owned subsidiary, Yulin City Jingzhou Water Co, which would handle the investment. The subsidiary has registered capital of 11.4 million yuan.

Under the terms of the build-operate-transfer (BOT) project, Epure and its subsidiary will be allowed to finance, design, construct and operate a municipal waste-water treatment in Yulin city for 25 years.

Incorporation documents for Yulin City Jingzhou Water were submitted on July 7 and approval was received.

Epure, which was named one of the 10 most influential water companies in China, is a leading water and waste-water treatment provider. It diversified into the management of water treatment plants and BOT project investment in 2006.

The Shaanxi project is the company's second in China in as many months. In May, it announced a joint venture with Beijing Sound Environment Group for a BOT project in Gansu province, with an investment value of 129 million yuan.

Epure posted a first-quarter 2009 net profit of 40.7 million yuan, up 32 per cent from the same period last year. Revenue totalled 136 million yuan.