Global Green Development Capital China

Josab Water Solutions AB signed a Heads of Terms for a joint venture with Beijing Win Fortune Technologies and Global Green Development Capital China to establish Josab's Aqualite water treatment technology in China. Josab will hold 49% equity; the Chinese partners will invest 14 million SEK initially.

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.