HK-listed China Water hits over 3-year high on drinking water deal

China Water Affairs

05/10/2021 07:47

** Shares of China Water Affairs Group Ltd  0855.HK  rise as
much as 8.2% to HK$9.26, their highest since August 2018
    ** Stock of water supply operation and construction services
group extends gain to a third session
    ** Co says unit has entered into agreement with a subsidiary
of state-owned Guizhou Water Investments and Affairs Group to
further develop the firm's direct drinking water projects in
Guizhou province  urn:newsml:reuters.com:*:nFWN2QY09V
    ** Says the prospect of pipeline direct drinking water
business in China is huge and in line with low-carbon green
development
    ** The Hang Seng Composite Index tracking properties and
construction stocks  .HSCIPC  falls 2.1%, while the index
tracking utilities  .HSCIU  rises 1.3%
    ** The Hang Seng China Enterprises Index  .HSCE  slips 0.4%,
and the benchmark index  .HSI  climbs 0.1%
    ** China Water Affairs Group stock had surged 41.3% this
year, as of last close 

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))