China Jinjiang Environement Holding Company Limited ("China Jinjiang") or ("the Company") is offering 92,419,300 shares at $0.90 each for a listing on SGX where 87,798,300 shares will be via placement and 4,621,000 shares via public offering. The IPO will close on 1 August at 12pm.
Assuming over-allotment is not exercised, the market cap will be $1.08 billion.
Principal Activities
The Company is the first private Waste-To-Energy ("WTE") operator in the PRC and is the leading WTE operator with the largest waste treatment capacity in operation. Its business primarily focuses on the planning, development, construction, operation and management of WTE facilities in the PRC. A WTE plant basically processed waste to generate electrical energy. See definition here.
The Company operates 16 WTE facilities in 12 provinces, autonomous regions and centrally-administered municipalities in the PRC with 4 under construction. The current total waste treatment capacity is 22,830 tons/day ......