Chasen

Chasen: secures maiden purified water and wastewater treatment Transfer-Operate-Transfer (TOT) projects in Jilin Province, China, with total invmt value incl 30yr concession rights for two plants wroth up to Rmb 300m (~S$58.2m). The design capacity of the Purified Water Treatment plant is 200k cubic m/day and 60k cubic m/day for the Waste Water Treatment plant. Both plants are expected to start operations in stages by 1H13. The transaction will be funded through internal resources and bank borrowings. Chasen trades at 10.4x P/E.