Guangdong Investment

Guangdong Investment (via its subsidiary) won a contract to invest, build, operate and maintain wastewater and stormwater drainage networks in Yangjiang, Guangdong, China. The total investment is estimated at CNY 820 million (HKD 1.012 billion). A joint venture will be formed with Guangdong Water Supply and China First Metallurgical.

Guangdong Investment, through its subsidiaries Guangdong Water (Hong Kong) and Guangdong Water Shares, invested RMB 1.638 billion and RMB 66.8879 million respectively to acquire a combined 51% stake in Shantou Water Supply Company. After the transaction, Guangdong Water (Hong Kong) holds 49%, Guangdong Water Shares holds 2%, and Shantou City Construction holds 49%.