C Water Ind

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skunk.works: C Water Ind

30.11.07 06:41

HK-listed China Water Industry acquires interest in Shandong water supply firm

China Water Industry Group Ltd said its wholly-owned subsidiary Smart Giant Group Ltd has agreed to acquire 100 pct of Blue Mountain Ltd for 230 mln hkd.

Blue Mountain owns 35 pct stake in Jinan Hong Quan Water Ltd, which has exclusive rights to supply drinking water in Jinan, Shandong province for 30 years.

Jinan Hong Quan Water has water supply capacity of approximately 1.5 mln tonnes a day.

At 10:40 am, China Water Industry shares were flat at 0.62 hkd