Sound Global

Sound Global: signed a BOT contract to build a wastewater treatment facility (25k ton/day capacity) in Xi’an City, Shaanxi Province. The project comes with a concession period of 27yrs, and is expected to contribute positively to net EPS and NTA for FY10. Deal may help ease recent selling pressure prompted by postponement of proposed dual listing in Hong Kong. SGL’s aggregate BOT portfolio now stands at 11 projects, with total treatment capacity of up to 660k tons/day.