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Yunnan Water Investment Co., Ltd. (06839) announced that its wholly-owned subsidiary Yunnan Water Hong Kong will acquire 97% equity of Pan-Asia International (Sishui) for approximately RMB 376 million. The target company holds a 51% stake in Hohhot Chunhua Jiawei Water Co., Ltd., which operates a water treatment plant with a capacity of 400,000 tons per day.