Sound Global: Signed contract for a Build Operate Transfer (BOT) project in Shaanxi worth Rmb119.6m with a concession of 30 yrs . To contribute positively to results in FY2011. Other recent contract wins within 3 mths were similar wastewater projects in Liaoning and Hongze...
Co has $789.6m in net cash which is sufficient to fund projects. In separate announcement, CFO resigns to pursue other opportunities. Co currently trades at 22.45x P/E with average at 18.02x.
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