Chinesepod - Finance: 1st environmental solution firm to list in Tokyo

BIZCHINA / Biz Media Digest

Finance: 1st environmental solution firm to list in Tokyo

(Xinhua)
Updated: 2007-07-05 16:06

A Beijing-based environmental protection solutions company said on
Wednesday it had been approved to be listed on the Tokyo Stock Exchange
(TSE), making it the first Chinese company to be listed in the main board
section of the TSE.

China Boqi Environmental Solutions Technology (Holding) Co Ltd, a major
provider of desulphurization technologies and water treatment equipments,
said its shares were likely to begin trading on August 8.

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"The company has cooperated closely in technology with Japan's Kawasaki
Heavy Industries Ltd and the Chiyoda Corp, and it expects good financing
prospects in Japan," said Ma Zhuo, vice president of the Beijing Bootes
Electric Power Sci-Tech Co Ltd, a subsidiary of Boqi.

Ma said the approval showed that Chinese environmental protection
companies are receiving increasing recognition in the international
finance market, adding the company would develop further resource-saving
technologies after the listing.

China Boqi Environmental Solutions Technology (Holding) Co Ltd, was was
established in December, 2003. Last year, it reported a total net profit
of 132 million yuan (US$17.36 million).

The Tokyo Stock Exchange is the largest stock exchange market in Japan,
and its stocks businesses make up 80 percent of total stock dealings in
the country.

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