Investor Relations
Increase Paid-up Capital In United Gouzhen Water Treatment (liaoyang) Co Ltd
BackNov 09, 2006
The Board of Directors of the Company wishes to announce that the Company has increased its paid-up capital in its subsidiary, United Guozhen Water Treatment (Liaoyang) Co Ltd ("UE Liaoyang") from RMB54 million to RMB72 million to meet the statutory requirement of paid-up capital of at least 40% of the investment amount. The above transaction is not expected to have any material impact on the net profits, earnings per share and net tangible assets of the Company for the financial year ending 31 December 2006.
None of the directors or substantial shareholders of the Company has an interest, direct or indirect, in the above transaction.
BY ORDER OF THE BOARD
Dr Lin Yucheng
Chairman/CEO