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00855 CHINA WATER
RTNominal up4.920 +0.040 (+0.820%)
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21/09/2021 11:42

China Water (00855) to buy 51% of drinking water companies

[ET Net News Agency, 21 September 2021] China Water Affairs Group Limited (00855) said
Silver Dragon, a wholly-owned subsidiary of the company, has entered into a purchase
agreement for acquisitions of the respective 51% shareholding in the Xuzhou Direct
Drinking Water Companies at a total cash consideration of approximately RMB23 million.
Xuzhou Direct Drinking Water Companies are principally engaged in design, production,
sale, construction, operation and maintenance of pipeline direct drinking water projects
(including hot water) in campus, hospitals and other facilities; sale and production of
water purification machines, all-in-one equipment, water stations and other equipment.
(RC)

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