C&G Environmental Protection Holdings Limited

The Board of Directors (the “Board”) of C&G Environmental Protection Holdings Limited (the “Company” and together with its subsidiaries, the “Group”) wishes to announce that the Company had, on 22 October 2013, entered into a letter of intent (“LOI”) with a potential purchaser (the “Purchaser”), a company listed on a stock exchange in the People’s Republic of China (“PRC”), to facilitate the negotiation and finalisation of a definitive sale and purchase agreement (“SPA”) in respect of a proposed sale of the Group’s waste-to-energy business and assets (including concession rights) and the principal operating subsidiaries of the Company in the PRC (“PRC WTE Business and Assets”) to the Purchaser (the “Proposed Sale”). ....... How much their asset worth???

sana wrote: Is their recycling business on strong footing now?

This business should just be delisted/privatised as there is no market interest in it.

--Haha.... as I said.....

Net asset value HK181c......plus the few new big projects.... May worth a lot more than current share price.....

Max for the stock price is 20 sgd cents. There is no certainty of a deal, right?

20c just the first resistant........

More than 90% held by top 20 shareholders. Only about 10% held by the rest..... Free float really low for this hidden gem!!!