# Josab Water Solutions signs joint venture agreements in China

Josab Water Solutions AB signed a Heads of Terms for a joint venture with Beijing Win Fortune Technologies and Global Green Development Capital China to establish Josab's Aqualite water treatment technology in China. Josab will hold 49% equity; the Chinese partners will invest 14 million SEK initially.

- Type: Partnership
- Announced: 2019-10-17
- Where: China, China
- Value: $1.44M (14.0M SEK)
- Status: announced
- Products: ecological water treatment systems using Aqualite technology
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Josab Water Solutions AB](https://endata.com/companies/39944.md) (partner)
- [Beijing Win Fortune Technologies](https://endata.com/companies/42765.md) (partner)
- [Global Green Development Capital China](https://endata.com/companies/42766.md) (partner)

## Sources

- [news.cision.com](https://news.cision.com/se/josab-water-solutions-ab--publ-/r/josab-signerar-flertalet-avtal-i-kina,c2935304), 2019-10-17: "Josabs andel av bolaget kommer att vara 49% och resterande 51% delas lika mellan de två kinesiska parterna."

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