# CITIC Envirotech to acquire 60% stake in CITIC Qingyuan for 378 million yuan

CITIC Envirotech Ltd is acquiring a 60% stake in CITIC Environment (Qingyuan) Technology Development Co Ltd for 378 million yuan. CITIC Qingyuan provides water, steam, electricity, and wastewater treatment services to a textile industrial park in Qingyuan, Guangdong.

- Type: Acquisition
- Announced: 2017-09-06
- Where: Qingyuan, Guangdong, China
- Value: $57.0M (378.0M CNY)
- Status: announced
- Products: industrial water supply, steam supply, electricity supply, wastewater treatment
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [CITIC Envirotech](https://endata.com/companies/23761.md) (acquirer)
- [CITIC Environment (Qingyuan) Technology Development](https://endata.com/companies/26762.md) (target)

## Sources

- [businesstimes.com.sg](https://www.businesstimes.com.sg/companies-markets/citic-envirotech-acquire-60-stake-citic-qingyuan-378m-yuan), 2017-09-06: "The acquisition of a fully-integrated project to provide water, wastewater treatment, steam and power generation is in line with its key strategic thrust to embark on the Circular Economy initiative."

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