JFE Engineering subsidiary acquires 3.87% stake in Biwase

FE Holdings, a subsidiary of JFE Engineering, spent 900 million JPY (8.6 million USD) to acquire a 3.87% stake in Binh Duong Water Environment JSC (Biwase) of Vietnam. The investment aims to tap into demand for water treatment infrastructure in Vietnam.

“The FE Holdings – a subsidiary of JFE Engineering of Japan - has spent 900 million JPY (8.6 million USD) to acquire a 3.87 percent stake in the Binh Duong Water Environment JSC of Vietnam (Biwase).”en.vietnamplus.vn

• 2 sources
• en.vietnamplus.vnJapanese firm invests in water treatment in VietnamVietnam+ (VietnamPlusNov 6, 2020
• en.vietstock.vnJapan's JFE acquires shares of BIWASE to strengthen foothold in water treatment | VietstockVietstockNov 7, 2020

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