The signing of this agreement with our partners from Nanjing Jiangdao Investment Co., Ltd marks the beginning of a synergistic partnership that will capitalise on the strengths of participating business entities from both countries to build a platform that will fulfill the pressing need for a balance between development and conservation. ”
Said Ms Low Sin Leng, Executive Chairman of Sembcorp Industrial Parks, “Sembcorp is privileged to be part of the team to build an eco-city that aims to be replicable in other parts of China. We will pursue an eco-friendly environment by optimising use of water and power in the development of the eco-city, maintaining stringent standards in Waste Water Management, Emission Control and introducing Waste to Resource expertise. The participation in this project is a significant milestone in Sembcorp’s continuous business expansion into China market. Sembcorp is deeply appreciative of Singapore government, Jiangsu provincial and Nanjing municipal governments’ unswerving support in the project.”
Group CEO of Surbana Corporation Mr Tan Thai Hong said “Surbana is honoured to be a part of this prestigious project. This is another milestone for us. With the strong partnerships from the Government and business partners, I am confident that this Nanjing Eco-city project will set new benchmarks. Both Nanjing and the site are ideal to create a very liveable and vibrant eco-city. With renowned architect-planner and Surbana’s Board Member Mr Liu Thai Ker as Advisor, the urban planning for the site will be carried out by Surbana’s urban planners who have won global planning awards
Financial Impact This is not expected to have a material impact on Yanlord’s or Sembcorp’s earnings per share and the net tangible asset value per share for the financial year ending December 31, 2009.
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