Brief: China Water Affairs Group Says Unit & Baofeng Government To Establish JV Co

China Water Affairs

06/03/2020 12:37

March 6 (Reuters) - China Water Affairs Group Ltd  0855.HK :
    * UNIT & BAOFENG GOVERNMENT ENTERED AGREEMENT TO ESTABLISH
JOINT
VENTURE CO
    * TOTAL REGISTERED CAPITAL OF JV CO WILL BE ABOUT RMB200
MILLION
    * JV CO WILL BE ENGAGED IN WATER SUPPLY BUSINESS IN BAOFENG
COUNTY, HENAN PROVINCE
    * UNIT WILL HOLD 70% OF EQUITY INTEREST IN JV CO
    * EXPECTED THAT TOTAL DESIGNED DAILY WATER SUPPLY CAPACITY
OF JV
CO WILL REACH 79,000 TONNES PER DAY

Source text for Eikon:  ID:nHKS6lkrxw 
Further company coverage:  0855.HK 

 ((Reuters.Briefs@thomsonreuters.com;))