In 1997, Beijing Enterprises Holdings Limited ("BEHL") was formed upon eight units of premium assets in Beijing. Leveraging its strength and the strong background, BEHL always gets close attention and support from the capital market. In 29 May 1997, it listed in Hong Kong Stock Exchange successfully, creating several records including the largest IPO, highest P/E and highest oversubscription, etc.
After listing, reorganization, transition, resources integration, BEHL successfully transformed into an integrated public utilities company with core business covering city gas, water treatment and solid waste treatment. Its city gas business now covers over 30 million users with more than 190,000 kilometers of pipelines in operation; its water treatment business has a design capacity of over 34.04 million tons per day and its global capacity of waste incineration and power generation integrated treatment reaches 24,768 tons per day. Meanwhile, it also engages in value-oriented investment business, which comprises mainly the ownership of Yanjing Beer, one of the largest beer conglomerates in PRC and the largest brewery in Asia. Putting Chinese enterprises' "Going Global" international strategy into practice, BEHL owns rich oversea assets, including advanced water treatment projects in Malaysia and Portugal and other countries; leading energy from waste projects in Germany, Luxembourg and the Netherlands. BEHL has already become the global financing and investment platform with various channels in capital market for public utilities segments.
Over the years, BEHL insists in a proactive and steady direction of operation as well as prudent and focused investment strategies. Leveraging on the convergence of both the resources in Beijing and Hong Kong, it has become a representative red-chip conglomerate in Hong Kong capital market. It is proved to be the ideal example for entities in Beijing to tap into international capital market, and had opened up a new market and provided a new channel of financing for Beijing's economic development.
BEHL will continue to leverage on the resources of Beijing and Hong Kong, to capture the enormous opportunities generated from the development of market-oriented utilities sector in China and Beijing's fast growing economy. It will optimize the allocation of resources and bring the advanced management vision and technology from overseas, to enhance the overall domestic operating standard in environmental protection industry. As the Chinese saying, "Heading to the sea in full sail , braving the wind and the waves", BEHL will adhere to the mission of maximizing its shareholders' interests and the principle of highlighting its core business, persistently upheld the mission "booming in Hong Kong with a foothold in Beijing", incorporate the conservation of eco-environment in our corporate development strategy to contribute for sustainable development of the whole society.