 |
|
  |
2007-11-30 10:48:00 a.m. HKT, XFNA
HK-listed China Water Industry acquires interest in Shandong water supply firm
|
| |
HONG KONG (XFN-ASIA) - 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.
(1 usd = 7.8 hkd; 1 usd = 7.40 yuan)
george.ng@xfn.com xfngn/xfnrc
MMMM
AFN |
| |
News Provided by XFNA |
| |
|
| Copyright(C) AASTOCKS.com Limited 2000. All rights reserved |
| |
|
|
|
