Shanghai Industrial Environment establishes joint venture for environmental investments

Shanghai Industrial Environment (00807) announced its wholly-owned subsidiary SIIC Environment Technology, along with subsidiaries of Shanghai Industrial Group and Shanghai Overseas Company, signed a joint venture agreement to establish a Hong Kong-based joint venture for capital investment in Chinese environmental industry enterprises, particularly in the Yangtze River Delta region. The joint venture also agreed to subscribe as a cornerstone investor for approximately HKD 52.75 million in Taizhou Water H-shares.

“The joint venture aims to make capital investments in Chinese environmental industry enterprises, especially those in the Yangtze River Delta region.”beta.zhitongcaijing.com

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• beta.zhitongcaijing.com上海实业环境(00807)拟设合营以资本投资中国环境行业企业 合营拟5275万港元基石认购台州水务H股Dec 16, 2019

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