Hong Kong, Jan 4, 2010 - (ACN Newswire) - Interchina Holdings Company Limited ("Interchina"/"the Group") (SEHK code: 0202) announces appointment of Mr. Jack Jiyei Zhang as the Chairman of the Group. Mr. Zhang joined the Group in 2000 as the Chief Investment Officer and was appointed as a Director of the Company in March 2002. Mr. Zhang obtained his Master Degree in Statistics and Master Degree in Business Administration in Canada after graduated from Applied Mathematics of
Tsinghua University in 1987. Mr. Zhang has extensive experiencein investment analysis and direct investment and is specialized in environmental and water treatment business, telecom and information technology and media deals. Mr. Zhang was appointed and took up various senior positions in a number of well prestigious organizations; including General Water of China Co., Limited, Corporate Finance Department of BOCI Asia Limited and Beijing Longshine Information Technology Limited.
The new Chairman Mr. Jack Zhang said, "I have been assisting and engagingin the investment and development of water business for the Group in the past years. Following the completion of acquisition of Interchina A-share and its turnaround, I am delighted to be appointing as the Chairman of the Group. I will do my best with my colleagues and lead the Group on the path of expansion in order to deliver the maximum shareholders' value to shareholders."
"We believe Interchina A-share will be the growth momentum and expansion base for the Group. Looking forward, we will leverage on the A-share financing platform and the competitive edges of our water treatment industry chain. We will focus on environmental water investment and operation. We will raise the revenue base of the water investment projects. Finally in addition to expanding our business scale via our listing status, acquisition and cooperation, we will develop businesses in respects of solid waste disposal and clean energy, coupled with offering integrated water solutions to our industrial customers."
The Group also announced that its 70.2%-stake A-share company, Heilongjiang Interchina Water Treatment Company Limited ("Interchina A-share") has obtained numerous industry awards, which included he "Most Potential Growth Water Industry Brand 2009" in the "Famous Water Enterprise 2009" and "Most Potential Growth Water Industry Brand 2009" Selection, organized by Chinese Hydraulic Engineering Society, China Water Resources News Agency and China Water Expo Organizing Committee. The Groupalso attained the "Top Five Listed Companies with Least Risk in Chinese Law 2008" jointly presented by China National Radio's Voice of Economy and Financial Law Research Centre of Beijing University. Mr. Zhu Yongjun, Chairman of Interchina A-share, has gained "Person of Industrial Development of Chinese Economy 2009 -Environmental Promotion" and "Person of New Economic development in China Outstanding Award 2009", demonstrating Interchina A-share's dedication as well as its brilliant achievementin the industry.
Mr. Zhu Yongjun, Chairman of Interchina A-share said, "We are very pleased to receive recognition from the country and professionals from different disciplines. These awards showcased our efforts paid to the environmental water treatment industry in the past nine years. The global advocacy of environmental-friendly practice motivates us to explore more potential domestic water investment projects, and further expand the investment in environmental water treatment business soas to enlarge our business development scale."
Interchina A-share is actively undergoing the first fund raising exercise after resumption of trading. It is currently handling an average daily treatment capacity of 280,000 tonnes and expects to increase to 1.3 million tonnes, representing four times in growth, equivalent to an increase of estimated annual revenue of RMB200 million. It targets to reach 10 million tonnes of average daily water processing capacity within three to five years, inparallel to the top three water treatment companies in the country.
"Listed Company's Legal Risk Rating" is based on the Senior-LR Index Model developed by the Financial Law Research Centre of Beijing University. Through entering the released information of the listed companies, including significant legal events (non-compliance penalties, etc), litigation and arbitration (all kinds of cases), special financial matters (guarantees, related party transactions, restricted assets), corporate governance, the basic structure (business structure, market structure and industry structure), staff's legal quality and other related information, the model will automatically calculate the risk index and accordingly evaluate the results and hence, shows the rating of the listed companies.
Interchina Holdings' future positioning is developing environmental energy, while Interchina A-share focuses on water treatment projects.
About Interchina Holdings
Interchina Holdings Company Limited, an investment holding company, engages in the development of environmental protection and water treatment projects in the People's Republic of China and Hong Kong. The company also involves in the development, management, and letting of properties; and provision of management and club services. In addition, it engages in the construction of water and sewage treatment facilities, as well as supplies water. Interchina Holdings Company Limited also leases rental properties and provides various financial services, such as securities and commodities brokerage services. The company was founded in 2000 and is based in Central, Hong Kong. For more information, please visit www.interchina.com.
Source: Interchina Holdings
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