# Guangdong Investment acquires 49% stake in Shantou Water Supply Company

Guangdong Investment, through its subsidiaries Guangdong Water (Hong Kong) and Guangdong Water Shares, invested RMB 1.638 billion and RMB 66.8879 million respectively to acquire a combined 51% stake in Shantou Water Supply Company. After the transaction, Guangdong Water (Hong Kong) holds 49%, Guangdong Water Shares holds 2%, and Shantou City Construction holds 49%.

- Type: Acquisition
- Announced: 2017-07-07
- Where: Shantou, Guangdong, China, China
- Value: $240.0M (1.64B CNY)
- Status: announced
- Products: water supply services
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Guangdong Investment](https://endata.com/companies/25430.md)
- [Shantou Water Supply Company](https://endata.com/companies/25431.md) (target)
- [Shantou City Construction](https://endata.com/companies/25432.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/67247.html), 2017-07-07: "粤海水务(香港)及粤海水务股份于项目公司改制成为一间有限责任公司后，各自同意分别向项目公司出资人民币16.38亿元及人民币6688.79万元。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.