ZhongDe Waste Technology AG Secures Land Usage Rights in Beijing - Headstone for Building a Second Production Facility
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or distribution in the United States of America.
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.