SoundGlobal

SoundGlobal: Won a project for wastewater treatment in Henan for Anyang Industrial Dev Zone. Project is a BOT project with capacity of 50k tons per day and cost about Rmb120m with tariff of Rmb1.44 per ton. When completed, the BOT plant has a concession period of 25 years. Co has a fwd P/E of 12.9x compared to Hyflux at 18.9x