# Josab, Beijing Wanfangcheng and Global Green Capital sign agreements for water treatment in China

Josab Water Solutions AB, Beijing Wanfangcheng Technology Co., and Global Green Development Capital China Ltd. signed multiple agreements on October 16, 2019, to form a joint venture and license Josab's Aqualite water treatment technology in China. The JV will be 49% owned by Josab, with the remaining 51% split between the two Chinese partners. Additionally, Wanfangcheng and Global Green Capital will invest SEK 14 million in Josab for 7 million new shares, with potential further investment of SEK 216 million via warrants over three years.

- Type: Partnership
- Announced: 2019-10-16
- Where: Beijing, China
- Value: $1.45M (14.0M SEK)
- Status: announced
- Products: Aqualite water treatment technology, water treatment equipment
- 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 Wanfangcheng Technology](https://endata.com/companies/39946.md) (partner)
- [Global Green Development Capital China](https://endata.com/companies/42766.md) (partner)

## Sources

- [h2o-china.com](https://www.h2o-china.com/news/297698.html), 2019-10-21: "三方很高兴在中国这个重要市场上达成合资协议，Josab的技术优势和中国合作伙伴的市场优势将实现强强互补"

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