HONG KONG, Aug. 23, 2012 /PRNewswire-Asia/ -- The board of directors (the "Board") of China Public Procurement Limited (HKEx stock code: 1094, "the Company" or "CPP") is pleased to announce that it is authorized by its PRC partner, Guocai Science & Technology Company Limited ("PRC Partner"), to implement the Shenyang Cooperation Agreement with the Procurement Centre of Shenyang City("Shenyang Procurement Centre") on 20 Aug 2012, to provide technical assistance in the maintenance of the electronic public procurement platform of the Shenyang Procurement Centre.
According to Shenyang Cooperation Agreement, the PRC Partner shall set up a branch at the place of operation of the Shenyang Procurement Centre to provide technical assistance for the maintenance of the electronic public procurement platform, subject to the approval of the Shenyang Procurement Centre and its regulatory authority. The PRC Partner agreed:
Further, the PRC Partner agreed to apply 5% of the total annual service fee received by its branch set up at the place of operation of the Shenyang Procurement Centre to provide technical training to the staff of the Shenyang Procurement Centre, purchasers and suppliers. The amount will be increased annually by 0.5% of the total annual service fee to a maximum of 10% of such total annual service fee.
The Shenyang Procurement Centre agreed:
In July 2012, CPP is authorized by its PRC Partner to implement agreements with the procurement centres in Nanhai, Qinghai, Hainan, Hebei and Hubei to develop electronic public procurement platforms in these regions.
About China Public Procurement Limited
China Public Procurement Limited is listed on the Main Board of The Stock Exchange of Hong Kong (stock code: 1094). The Group is principally engaged in the information technology business including the provision of system integration services, facility management services and information technology related business in the PRC and Hong Kong.
Below are the announcements issued by China Public Procurement from 12 June 2012 to 23 July 2012:
Releases Time | Document | Announcement Content |
23 July 2012 | Voluntary Announcement | CPP is authorized to implement agreements with Hubei Procurement Centre to develop electronic procurement platform. |
12 July 2012 | Voluntary Announcement | CPP is authorized to implement agreements with Hebei Procurement Centre to develop electronic procurement platform and organize the 2012 National Conference for Government Procurement Centres of the PRC |
6 July 2012 | Voluntary Announcement | CPP is authorized to implement construction cooperation agreement with government in Nanhai, Qinghai and Hainan to develop electronic procurement platforms |
4 July 2012 | Discloseable Transaction - Puchase od the PRC Headquarter | CPP purchased a building in Optics Valley, Wuhan at RMB135M as Headquarter |
12 June 2012 | Voluntary Announcement | Transfer of preferred shares - Guocai, enterprise with PRC government background, becomes CPP's largest shareholder |