Press releases

ZhongDe Waste Technology AG secures land usage rights in Beijing – headstone for building a second production facility

Hamburg, September 19, 2007

 

ZhongDe Waste Technology AG, a leading solution provider in the Chinese waste disposal market, announced today that ZhongDe Group ("ZhongDe") has signed a binding contract for the purchase of land usage rights close to Beijing. The land in question is approx. 67,000 square meters in size. The purchase price for the usage rights for a period of at least 50 years amounts to 22 million RMB (approx. EUR 2.1 million as at the rate of exchange of 19th September 2007). By purchasing the land usage rights ZhongDe Waste Technology AG has completed the first step for the building of a new production facility in order to expand its production capacity which will be funded primarily by the proceeds raised in the IPO on the Frankfurt stock exchange in early July 2007.

 

Zefeng Chen, CEO of ZhongDe Waste Technology AG, comments: "The signing of this contract means a huge step towards the implementation of our strategic goal to increase our market share and therefore to further improve our already very good market position, by giving us the ability to expand our production capacities significantly. In doing so, we continue to put strong emphasis on the realization of larger-sized municipal solid waste incinerators. With the purchase of the land usage rights we are absolutely on schedule regarding the building of a second production facility."

 

About ZhongDe Group

ZhongDe Group designs, manufactures and installs pyrolytic, grate and rotary kiln waste incinerators for the disposal of solid medical, municipal and industrial (including hazardous) waste. Since 1996 ZhongDe Group has installed more than 170 waste incinerators in about 13 provinces and in the last three financial years alone 112 waste incinerators. Its waste incinerators are principally constructed for operators of medical disposal centers in the hospital and healthcare industry as well as for small and mid-sized Chinese cities in developed areas of the People's Republic of China. The Management Board of ZhongDe Group believes that ZhongDe Group is one of the leading suppliers of small and mid-sized solid waste incinerators in China. The trading of the shares (German Securities Identification Number ZDWT01, ISIN DE000ZDWT018 and ticker symbol ZEF) commenced on the Prime Standard segment of the Frankfurt Stock Exchange on July 6, 2007.

 

 

This document constitutes neither an offer to sell nor a solicitation to buy securities of ZhongDe Waste Technology AG. The securities have already been sold.

 

This document is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The shares in ZhongDe Waste Technology AG have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and are not being and will not be offered or sold in the United States of America.


This document is directed at and/or for distribution in the U.K. only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons being together referred to as "relevant persons"). This document is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.

 

 

Contact

Matthias Link
Director
Citigate Dewe Rogerson GmbH
Goethestraße 26-28
60313 Frankfurt am Main
Tel: 0049-69 90 500-150
Fax: 0049-69 90 500-102
E-Mail: matthias.link@citigatedr.de
Internet: www.citigatedr.de

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30 July 2009
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28 November 2007
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19 September 2007
ZhongDe Waste Technology AG secures land usage rights in Beijing – headstone for building a second production facility
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