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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1909)	12/11/2003 2:33:06 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Water float signals Chinese buoyancy Jake Lloyd-Smith in Singapore, Evening Standard 11 December 2003 ASIA is awash with China-based share offerings and enthusiasm for them is red-hot. The latest to hit the market is the water and waste water treatment company Asia Environment Holdings, choosing to list in Singapore. It rose to S$0.39 against its float price of S$0.235 after being 168 times oversubscribed. Its business plan is to bid for build-operate-transfer ( BOT) municipal projects in China, using funds raised in the float. The company was founded by Wang Hongchun in 1984, starting out as a manufacturer of water and waste water treatment systems. Hampered by a lack of funds for BOT projects, it has been primarily involved in water treatment related turnkey projects. Wang predicts the company will grow much faster now it has access to Singapore's capital markets. thisislondon.co.uk