A Beijing-based environmental protection solutions company said on Wednesday it had been approved for listing on the Tokyo Stock Exchange (TSE), making it the first Chinese company to be listed in the main board section of the TSE.

 

China Boqi Environmental Solutions Technology (Holding) Co., Ltd, a major provider of desulphurization technologies and water treatment equipment, said its shares were likely to begin trading on August 8.

 

"The company has cooperated closely in technology with Japan's Kawasaki Heavy Industries Ltd. and the Chiyoda Corp, and it expects good financing prospects in Japan," said Ma Zhuo, vice president of the Beijing Bootes Electric Power Sci-Tech Co., Ltd, a subsidiary of Boqi.

 

Ma said the approval shows that Chinese environmental protection companies are receiving increasing recognition in the international finance market, adding the company would develop further resource-saving technologies after the listing.

 

China Boqi Environmental Solutions Technology (Holding) Co., Ltd, was established in December of 2003. Last year, it reported a total net profit of 132 million yuan (about US$17.36 million).

 

The Tokyo Stock Exchange is the largest stock exchange market in Japan, and its stock businesses make up 80 percent of total stock dealings in the country.

 

(Xinhua News Agency July 5, 2007)