Brief: China Water Affairs Says JV Partner & Two Units To Establish A JV Co

China Water Affairs

11/09/2018 14:31

Sept 11 (Reuters) - China Water Affairs Group Ltd  0855.HK :
    * JV PARTNER & TWO UNITS TO ESTABLISH A JV CO WHICH WILL BE
ENGAGED IN WATER SUPPLY BUSINESS IN JIA COUNTY
    * TOTAL REGISTERED CAPITAL OF JV COMPANY WILL BE ABOUT
RMB100
MILLION
    * EXPECTED THAT TOTAL DESIGNED DAILY WATER SUPPLY CAPACITY
OF JV
CO WILL REACH 60,000 TONNES PER DAY
    * TWO WHOLLY OWNED SUBSIDIARIES OF CO WILL CONTRIBUTE BY WAY
OF
CASH AND WILL HOLD 80% OF EQUITY INTEREST IN TOTAL

Source text for Eikon:  ID:nHKS64XGJb 
Further company coverage:  0855.HK 

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