Sound Global won bid for water supply facility project

Transaction amounted to RMB95.02m.

In a release, Sound Global announced that it has won the bid for the Water Supply Facility Project in Nanshan Sub-District, Quangang District, Quanzhou City, Fujian Province, the PRC.

Investment and construction of the project will be carried out by Sound Global, with a total investment amount of approximately RMB95.02 million. The construction of this project includes water intake engineering, water transmission pipeline construction and a water purification factory.

The scale of the water purification factory is as follows: 100,000 cubic meters per day for public facilities, 50,000 cubic meters per day for the construction of water treatment facilities and 25,000 cubic meters per day for the installation of equipment.

The location of the project, Quangang District in Quanzhou City is one of China’s top nine oil refining bases, a top ten growth area in Fujian Province and a hundred billion production base. The construction of the project holds substantial significance for the realisation of sustainable development of the Quangang District.

Mr. Wen Yibo, Chairman of Sound Global, indicated that the Quangang Petrochemical Industrial Zone constitutes a key component of Fujian Province’s support of the State Council’s Cross-Strait West Bank Economic Zone Development Plan of developing a petrochemical base in Meizhou Bay.

The project is another national grade petrochemical industrial base project after Sound Global’s involvement in the wastewater treatment plant project in Nanshan Sub-District, Quangang Petrochemical Industrial Zone.

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