Highlights
SGX: C&G Env Protect (D79)       C&G ENV PROTECT HLDGS LTD
Last Price Today's Change   Day's Range   Trading Volume
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Overview

Avg Volume (4 weeks):0
Average Price Target: 0.21
Price Target Upside/Downside: +0.209

Headlines

Date Subject
13-Dec-2019 Phillip Capital Morning Note - 13 Dec 2019

Business Background

C&G Environmental Protection Holdings Limited, an investment holding company, invests in and operates waste-to-energy (WTE) power plants in China and internationally. The company constructs, operates, and maintains waste incineration power plants for the treatment of municipal solid waste under the build-operate-transfer investments schemes. It is also involved in the provision of consultancy services; general trading of environmental equipment; and operation and maintenance services to WTE power plants. The company was formerly known as C & G Industrial Holdings Limited and changed its name to C&G Environmental Protection Holdings Limited in May 2010. The company was incorporated in 2004 and is headquartered in Kwun Tong, Hong Kong. C&G Environmental Protection Holdings Limited is a subsidiary of C&G Holdings (Hong Kong) Limited.

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aatzer C&G Environmental Protection Hldgs Ltd : China : C&G ENVIRONMENTAL PROTECTION HOLDINGS proposed a sale to GRANDBLUE ENVIRONMENT
01/03/2014 | 03:17pm US/Eastern
C&G Environmental Protection Holdings owns and operates waste to energy facilities in China and Southeast Asia. It has proposed a sale of its Chinese waste to energy business.
This move will enable it to reposition itself to focus on expansion of its business in Southeast Asia.
The group said that it entered a legally binding framework agreement with Grandblue Environment (formerly known as Nanhai Development) for a 100% sale of its equity in C&G Environment Protection.
The sale of its waste to energy business and assets in China is valued at RMB1.85 billion ($305 million) which will be satisfied by cash and the issuance and allotment of new shares in the capital of Grandblue.
Lin Yan, executive chairman and group CEO of C&G Environmental Protection Holdings, said, through this strategic arrangement, we will become the second largest shareholder in Grandblue, enabling a change of our business platform to hold our WTE business in China through Grandblue.
This is also in line with our strategy to monetise our assets to enhance shareholder value and explore additional growth, he continued.
The experience gained from waste to energy projects will reposition and expand C&G's energy recovery and other environmental related business.
We have already made some inroads into Thailand, securing our first WTE energy project in Nong Khaem Bangkok with a daily capacity of 500 tonnes and incorporating our energy management company in this country last year, the CEO noted.
The Asian market offers potential for renewable energy as global investors look towards Southeast Asia as new destination for investment in this area. There is a trend that governments of the Philippines, Indonesia, Thailand, and Malaysia are setting aggressive targets for renewable energy to be achieved in 20 years.
Grandblue is an established utility and environmental player in the water sector, who will have more potential to participate in diversified business after the completion of this transaction.
© Al Bawaba Ltd., Acquiremedia 2014
30/01/2014 12:50 PM
aatzer I got the following comments from Sharejunction forum:
>
> Grandblue is now RMB13.08. C& G sits on a further paper gain now of
> $242,527,628 based on shares alone.
>
> *** Cash consideration is RMB1.1billion = S$231.25m (exchange rate of
> 4.7567)
>
> *** 89,928,058 Grandblue shares at an issue price of RMB8.34 (approximately
> S$1.74 or total S$156,474,820.92) per share
>
>
> Shares of Grandblue is trading now at RMB 13.08 (approx. S$2.6969)
>
> This translates to a paper gain of $0.9569 per share or S$86,052,158
> (S$86million)
>
> This also brings the total consideration to S$231.25m + (89928058 shares x
> S$2.6969) = S$231.25m + S$242,526,979 = S$473.77m as compared to S$385.4
> million.
>
> Total Float in C& G = 973,023,354 shares
>
> Value of C& G shares now is approx. $0.4869. huat ah!
30/01/2014 12:54 PM
aatzer From Singapore Business Review:

C&G to sell WTE business and assets in China for S$389.7m
As focus shifts to Southeast Asia.

SGX Mainboard-listed Waste-to-Energy investor and operator C&G Environmental Protection Holdings Limited (C&G) has announced that its wholly-owned subsidiary, C&G Environmental Protection (Hong Kong) Company Limited (C&G (HK)) has entered into a conditional acquisition agreement with Grandblue Environment Co. Ltd (Grandblue) in relation to the Proposed Sale of the entire shareholdings in C&G Environmental Protection (China) Company Limited.

Under the acquisition agreement, the Group will sell its WTE business and assets (including concession rights) and its principal operating subsidiaries in China to Grandblue for RMB1.85 billion (approximately S$389.7 million ) which will be satisfied in cash and Grandblue shares. The principal terms of acquisition agreement are substantially the same as Framework Agreement entered into 23 December 2013.

Upon execution of the acquisition agreement, the Group will deploy the proceeds to fund the expansion of the Group's WTE business and other environmental related projects in the Southeast Asian markets, as well as working capital for its existing projects. Further to this, the Group intends to distribute a portion of the proceeds as special dividend to its shareholders.

Completion of the Acquisition Agreement is subject to relevant government and regulatory approvals from both the People’s Republic of China and Singapore, as well as C&G’s shareholders. C&G will hold an extraordinary general meeting to seek the approval of the shareholders for the Proposed Sale in due course.

Mr. Lin Yan, Executive Chairman and CEO of the Group said, "We are delighted to have concluded negotiations and reached a more definitive acquisition agreement with Grandblue for the sale of our China business in just over a month of signing the Framework Agreement. As we turn our attention to the emerging WTE space in Southeast Asia and explore the business opportunities in other environmental related businesses such as the provision of technology advice, equipment and installation services for the treatment of industrial waste water and air pollution (PM2.5) by way of investment, acquisition or strategic alliance, we hope that our stakeholders, including shareholders will support our continual transformation ahead.”

With the sale of its China businesses and assets to Grandblue, C&G will shift its focus to the WTE industry in Southeast Asia. With increasing urbanisation and growing green concerns, governments are increasingly seeing ways to deal with their municipal waste in a more environmentally friendly manner.

Most recently, on 22 January 2014, C&G through its joint-venture company, C&G Padu Sdn Bhd (C&G Padu), received a letter of support from the Economic Planning Unit of the Malaysian state of Terengganu for the development of an 800 tonnes/day WTE Plant for a concession period of 30 years.

C&G Padu will enter into negotiations with the State Government of Terengganu on the terms of the investment and seeks to obtain all necessary approvals, including but not limited to the Renewable Energy Power Purchase Agreement with Tenaga Nasional Bhd, Malaysia’s power distribution company. The Terengganu WTE project is subject to a negotiation process and is expected to contribute financially to the Group upon commencement of operations.

"Malaysia is an interesting market to be in and its government has been seeking means to grow their energy generation capabilities to meet increasing demand in their developing states. We are delighted to be able to contribute to Terengganu's waste management and power generation infrastructure and look forward to serving Malaysian citizens well as we explore various opportunities in the country.

“Southeast Asia presents very exciting prospects and we intend to further expand our presence in the region through investments into new projects or with partners with immense on-the-ground experience. We are also open to exploring various other opportunities in the environmental sector that complement our WTE business such as air or water purification. As a green-focused company, it is our responsibility to protect the environment and ensure its sustainability for the benefit of future generations", concluded Mr. Lin.
06/02/2014 5:40 PM
cn21 董事為何辭職?
Author: Tan KW | Publish date: Sun, 7 Jun 2015, 09:44 PM

2015-06-07 19:54

上市公司的董事部變動向來深受投資者關注,因為董事部是企業的最高決策單位,任何對公司營運和財務帶來重大影響的決策,都需要通過董事的審核和拍板批准。

尤其是獨立董事,更是身負重任,他們可說是小股東的守護神,為眾多股東把關,防止公司出現貪贓枉法和出賣股東利益的事件發生。

因此,若有董事(尤其是獨立董事)辭職,我們都想知道,到底發生了甚麼事情。
根據上市條例,若董事部出現變動,上市公司必須發出文告公佈,並說明辭職原因。
但是,這些文告很多時候都有如官樣文件,所填寫的辭職原因不外乎“個人因素”,或是“另謀高就”,投資者無法從中瞭解,該董事離職,究竟是普通的人事變動,抑或是另有內情。
有的公司更誇張,直接在辭職原因一職填上“辭職”,說了等於白說,根本就是敷衍了事。
不過,最近一家公司的董事變動文告就極為特別,這家公司就是涉及違規行為和董事局爭奪戰而備受矚目的SCNWOLF機構(SCNWOLF,7239,主板工業產品組)。
該公司獨立及非執行董事王星源(譯音)日前宣佈辭職,原因是“與管理層意見分歧、及避免捲入董事部糾紛”。
同時,他也不再擔任稽查委員會主席和調查委員會成員。
這事件顯示了,SCNWOLF機構不斷上演的董事部糾紛,不僅令小股東和投資大眾厭煩,連獨立董事也“沒眼看”,認為再做下去也無濟於事,無法幫忙解決公司的問題,也不想再趟渾水和被牽連其中,干脆揮揮衣袖一走了之。
這位獨立董事退出,也給了該公司一個警訊,董事部紛爭若不早早解決,該公司遲會被市場所唾棄。
不過,涉及紛爭的董事和大股東可能也聽不進去,他們為了保住控制權,早已殺紅了眼睛,寧為玉碎不為瓦全,就像本地的一個著名華教組織一樣。(星洲日報/投資致富‧投資茶室‧文:李勇堅)
09/06/2015 9:49 AM


 

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