Brief: China Water Affairs Group Says Entered Into Cooperation Agreement With Zhenping Government

China Water Affairs

19/05/2020 11:34

May 19 (Reuters) - China Water Affairs Group Ltd  0855.HK :
    * ENTERED INTO COOPERATION AGREEMENT WITH ZHENPING
GOVERNMENT
    * AGREEMENT FOR INTEGRATION OF URBAN-RURAL WATER SUPPLY,
DRAINAGE
AND SEWAGE PROJECTS IN ZHENPING COUNTY, HENAN PROVINCE, PRC
    * ZHENPING GOVERNMENT WILL CONTRIBUTE BY WAY OF ITS EXISTING
WATER
SUPPLY ASSETS RMB98 MILLION & HOLD 49% OF JV CO
    * WATER SUPPLY PROJECTS TO BE CARRIED OUT BY JV CO
ESTABLISHED BY
CO'S DESIGNATED UNIT & ZHENPING GOVERNMENT'S DESIGNATED ENTITY
    * INITIAL REGISTERED CAPITAL OF JV CO WILL BE RMB200 MILLION
    * ZHENPING GOVERNMENT WILL HOLD 49% OF JV CO WHILE CO WILL
HOLD
51%

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