Josab Water Solutions AB, Beijing Wanfangcheng Technology Co., and Global Green Development Capital China Ltd. signed multiple agreements on October 16, 2019, to form a joint venture and license Josab's Aqualite water treatment technology in China. The JV will be 49% owned by Josab, with the remaining 51% split between the two Chinese partners. Additionally, Wanfangcheng and Global Green Capital will invest SEK 14 million in Josab for 7 million new shares, with potential further investment of SEK 216 million via warrants over three years.
Josab Water Solutions AB signed a memorandum of understanding with Global Green Wisdom Investment Management (Beijing) and Beijing Wanfangcheng Technology to form a Chinese joint venture for exclusive licensing of Aqualite technology. The partners are negotiating a phased investment of about 230 million SEK over three years.