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Canvest Environmental Protection Group Company Limited (01381.HK)

Environmental

INTRADAY CHART

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FINANCIAL REPORTSmore

2017 (IR)
2016 (AR)
2016 (IR)

PRESENTATIONSmore

The Company is a leading pure play waste-to-energy provider focused on the development, management and operation of Waste-to-energy(“WTE”) plants. Currently, the Company has three WTE plants, namely the Eco-Tech WTE Plant, the Kewei WTE Plant and the China Scivest WTE Plant, all of which are located in Dongguan, Guangdong Province, the PRC. The Company is in the course of developing the Zhanjiang WTE Plant in Zhanjiang of Guangdong Province pursuant to a BOT concession right.

Their WTE plants had a total daily MSW processing capacity of 3,000 tonnes in 2013 and according to the Euromonitor Report, in terms of daily MSW processing capacity for commercial operating WTE plants in 2013: (i) we were the second largest WTE provider in Guangdong Province and the 11th largest WTE provider in the PRC with a market share of approximately 13.0% and 2.0%, respectively; and (ii) out of all non-State-owned background enterprises, we were the largest WTE provider in Guangdong Province and the fourth largest WTE provider in the PRC.

Their WTE plants are operated at a high quality standard, as evidenced by the many accolades and recognitions that they have received. In 2012, Kewei was awarded “Grade AA Innocuous Waste Incineration Plant (AA級無害化焚燒廠)” by the Department of Housing and Urban-Rural Development of Guangdong Province (廣東省住房和城鄉建設廳), the second highest grade in the five-tier grading system. In 2012, only eight out of the 18 WTE plants in Guangdong Province obtained grade AA or above. WTE plants must go through inspection and assessment in three separate stages by the municipal environmental bureau, the provincial housing and urban-rural development authority and an expert group appointed by the Ministry for Housing and Urban-Rural Development (住房和城鄉建設部) before being awarded with a grade. In 2013, their Kewei WTE Plant was also rated by the Guangdong Province Environment and Sanitation Association (廣東省環境衛生協會) as an “Excellent MSW Treatment Project in Guangdong Province” (廣東省城市生活垃圾處理優秀項目). Only four other WTE plants in Guangdong Province achieved this rating or better.

In addition, China Scivest was awarded the ISO 14001 Environment Management System Certificate and ISO 9001Quality Management System Certificate in 2014, both of with had also been awarded to Kewei in 2013. Eco-Tech was awarded the ISO9001 Quality Management System Certificate in 2009.

Going forward, Canvest Environmental Group will expand its waste-to-energy business mainly through developing greenfield projects or pursuing acquisitions.

Canvest Environmental Group will actively pursue business opportunities which are commercially viable and attractive and strive to become a dominant pure play waste to energy provider in the PRC.
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Lee Wing Yee Loretta - Chairlady and executive Director

Responsible for formulating our Group’s overall strategies and making major corporate and operational decisions of our Group

Lai Kin Man, also known as Li Jianwen - Deputy Chairman and executive Director

Formulate our Group’s overall strategies and make major corporate and operational decisions of our Group alongside with the chairlady

Yuan Guozhen - Chief Executive Officer and executive Director

Responsible for executing the overall strategies and managing the daily operation of our Group

Lai Chun Tung - Executive Director

Overseeing the overall strategies of our Group and making major corporate and operational decisions of our Group

Lui Ting Cheong Alexander - Non-executive Director

Supervising overall management and strategy planning of our Group

Lai Yui - Non-executive Director

Supervising overall management and strategy planning of our Group

Sha Zhenquan - Independent non-executive Director

Supervising and providing independent judgement to the Board

Chan Kam Kwan Jason - Independent non-executive Director

Supervising and providing independent judgement to the Board

Chung Wing Yin - Independent non-executive Director

Supervising and providing independent judgement to the Board

+ More Board of Directors
Audit committee

Mr. Chan Kam Kwan Jason (Chairperson)
Professor Sha Zhenquan
Mr. Chung Wing Yin

The primary duties of the Audit Committee include (but without limitation): (i) assisting our Board to provide an independent review of the effectiveness of the financial reporting process, internal control and risk management system of our Group, (ii) overseeing the audit process and (iii) performing other duties and responsibilities as assigned by our Board.

 
Remuneration committee

Professor Sha Zhenquan (Chairperson)
Mr. Chan Kam Kwan Jason
Mr. Chung Wing Yin

The primary duties of the Remuneration Committee include (but without limitation): (i) making recommendations to our Directors on our policy and structure for all remuneration of our Directors and senior management and on the establishment of a formal and transparent procedure for developing policies on such remuneration; (ii) determining the terms of the specific remuneration package of each executive Director and senior management; (iii) reviewing and approving performance-based remuneration by reference to corporate goals and objectives resolved by our Directors from time to time; and (iv) considering and approving the grant of share options to eligible participants pursuant to the Share Option Scheme.

 
Nomination committee

Mr. Chung Wing Yin (Chairperson)
Professor Sha Zhenquan
Mr. Chan Kam Kwan Jason

The primary duties of the Nomination Committee include, without limitation: (i) reviewing the structure, size and composition of the Board, (ii) assessing the independence of independent non-executive Directors and (iii) making recommendation to the Board on matters relating to the appointment of Directors.

 
Corporate governance committee

Mr. Chan Kam Kwan Jason (Chairperson)
Ms. Lee Wing Yee Loretta
Professor Sha Zhenquan
Mr. Chung Wing Yin

The primary duties of the corporate governance committee include (but without limitation): (i) reviewing and assessing compliance with internal policies of our Group; (ii) reviewing and monitoring the training and continuous professional development of Directors and senior management; (iii) reviewing and developing our Company’s policies and practices on corporate governance; and (iv) reviewing our Company’s compliance with Appendix 14 to the Listing Rules.

 
Procedures for Shareholders to Propose a Person for Election as a Director of the Company (A "Director")
 
Memorandum and Articles of Association
 

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COMPANY INFORMATION

Listed Date 29 Dec 2014

Address Unit 6803B, Level 68,
International Commerce Centre,
1 Austin Road West, Kowloon, Hong Kong

Telephone (852) 2668-6596

Facsimile (852) 2668-6597

Email info@canvest.com.hk

No. of Click Rate

85608