On October 26, Chongqing Water Affairs announced that the company's wholly-owned subsidiary, the Three Gorges Water Company and Sun Company, the Three Gorges Yubei Drainage Company, intends to acquire the Chongqing fish owned by the company's shareholder Chongqing Water Assets Company for 9.346 million yuan and 4.542 million yuan respectively. The mouth (Jiuqu River) sewage treatment project and the assets of the second phase expansion project of Chengnan Wastewater Treatment Plant in Yubei District and the related creditor's rights and debts. The company estimates that it is estimated that the average annual profit will be about 15 million yuan.
According to the data, the Yuzui (Jiuqu River) project is located in Baixi Village, Yuzui (Jiuqu River) in the northern part of Chongqing. It adopts AA 2O biological pool technology, with a design scale of 100,000 tons/day in the near future and 150,000 tons/day in the long term. The assets include the sewage treatment plant, the off-site engineering and the construction of the pumping station, machinery and equipment, land and supporting pipe network. As of the end of September 2018, its total assets were approximately RMB 320 million, total liabilities were approximately RMB 320 million, and net assets were zero, of which: fixed assets of RMB 309 million. The net asset valuation is about -934.68 million yuan.
The Chengnan Phase II project is located in Changhe Village, Huixing Street, Yubei District. The treatment process is A 2 /O, and the design processing capacity is 30,000 tons/day. The main assets include buildings, machinery and equipment in the plant area. As of the end of September 2018, its total assets were approximately 96.922 million yuan, total liabilities were 96.922 million yuan, and net assets were 0, of which: fixed assets of 95.935 million yuan. The net assets assessment value was 4,452,600 yuan.
The above two projects are currently leased by subsidiaries of Chongqing Water and Sun Company.
Chongqing Water said that the acquisition of these two sewage treatment projects at fair value and the related creditor's rights and debts are the main investment of the company, which is conducive to the company to increase the scale of production capacity, consolidate the market position of the sewage treatment business, and enhance the company's efficiency. It is beneficial to rationalize the ownership of related assets and reduce the related transactions between the company and shareholders without harming the interests of the company and non-associated shareholders. After the completion of the acquisition, according to the current sewage settlement price of 2.77 yuan / ton, 30 years of operation period calculation, taking into account the possibility of sewage VAT payment and actual commitment, regardless of corporate income tax, sewage settlement price adjustment and price changes, etc., compared to the original lease The mode operation is expected to increase the annual profit by about 15 million yuan.
Responsible editor: Miao
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