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SIIC Environment Holdings, through its subsidiary, agreed to acquire a 52% stake in Dalian Ziguang Water Treatment Co Ltd from Thunip Corp Ltd and Zhang Li for 108.48 million yuan. The target operates the Tiger Beach Water Treatment Project in Dalian, China, which is being expanded from 80,000 to 90,000 tonnes/day and upgraded.
Hydro International and Thunip Corporation Ltd. signed a contract to establish an equity joint venture in Yancheng, Jiangsu Province, China, to deliver Hydro International's water management products locally. The JV builds on a three-year distribution partnership.