Qianjiang Biochemical plans to invest ¥255 million to build an industrial water plant

In order to further broaden financing channels and improve financing structure, Qianjiang Biochemical announced on the evening of November 16 that the proposed non-public issuance of corporate bonds will not exceed 600 million yuan to supplement working capital, repay the company's maturing debt, project construction and other purposes permitted by laws and regulations, and the term of the corporate bonds issued this time will not exceed 5 years (including 5 years).

In addition, the company announced on the same day the establishment of a joint venture company construction and operation projects. In order to meet the water demand of enterprises in the industrial park of Jianshan New District, Haining City, rationally allocate urban water resources and ensure the safety of water supply, it is planned to invest 255 million yuan to build a new industrial water plant with a design scale of 50,000 m3/d, including pre-treatment, conventional treatment, advanced treatment and sludge treatment facilities, as well as other related supporting facilities such as source water pipelines.

 Haiyun Environmental Protection, a wholly-owned subsidiary of Qianjiang Biochemical, and Qiantang Water jointly invested and established a joint venture company as the implementation body of the investment, construction and operation of the industrial water plant. Among them, Haiyun Environmental Protection contributed 49 million yuan with its own funds, accounting for 70% of the capital contribution, and Qiantang Water contributed 21 million yuan, accounting for 30% of the capital contribution. The two sides signed the Joint venture Agreement on November 16, 2023.

Qian Jiang biochemical expressed that the company's wholly-owned subsidiary Haiyun Environmental Protection and Qiantang Water jointly set up a joint venture company to build and operate industrial water plant project, based on the fact that with the establishment of major industrial enterprises in Haining Jianshan New District, the industrial water demand in the region will increase significantly, and there is no industrial water plant in the industrial zone of Jianshan New District, the current industrial water supply has obviously lagged behind the regional economic development speed, and it is urgent to build a new industrial water plant. To meet the demand of industrial water consumption, the construction of this project is imperative. The construction of this project can give full play to the environmental benefits, social benefits and economic benefits of the project, meet the requirements of the overall urban planning and sustainable development strategy, and effectively improve the company's sustainable development ability.