# 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.

- Type: Partnership
- Announced: 2019-12-16
- Where: Hong Kong, Hong Kong SAR China
- Value: $12.8M (100.0M HKD)
- Status: announced
- Products: water treatment services, environmental investments
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Shanghai Industrial Environment](https://endata.com/companies/36079.md)
- [SIIC Environment Technology](https://endata.com/companies/43937.md) (partner)
- [Shanghai Industrial Group](https://endata.com/companies/43938.md) (partner)
- [Shanghai Overseas Company](https://endata.com/companies/43939.md) (partner)
- [Taizhou Water](https://endata.com/companies/43940.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/260311.html), 2019-12-16: "The joint venture aims to make capital investments in Chinese environmental industry enterprises, especially those in the Yangtze River Delta region."

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