Chongqing Water Group (601158.SH) plans to acquire a sewage treatment project worth 382 million yuan.
Chongqing Water Affairs (601158.SH) announced that to enhance the company's market share in the sewage treatment service business, and to consolidate the company's market advantage in Chongqing, the company will separately acquire the assets and related debts of the Nanchuan Dongcheng sewage treatment plant Phase II expansion project, Guoyuan sewage treatment plant Phase II expansion project, and Yuelai sewage treatment plant Phase II expansion project, which were constructed by Chongqing Water Affairs Environmental Group, for a total of 382 million yuan, from its subsidiary companies Chongqing Haoyang Water Affairs Construction Management Co., Ltd., Chongqing Three Gorges Water Affairs Co., Ltd. Longxing Branch, and Chongqing Three Gorges Water Affairs Co., Ltd.
Chongqing Water Group (601158.SH) announced that, in order to increase the company's market share in the sewage treatment service business and consolidate its market advantage in Chongqing, the company will acquire a total of 382 million yuan worth of assets from Chongqing Water Group Environmental Group's South Chongqing East City Sewage Treatment Plant Phase II Expansion Project, Guoyuan Sewage Treatment Plant Phase II Expansion Project, and Yuelai Sewage Treatment Plant Phase II Expansion Project, through its subsidiary companies, Chongqing Haoyang Water Construction and Management Co., Ltd., Chongqing Three Gorges Water Co., Ltd. Longxing Branch, and Chongqing Three Gorges Water Co., Ltd. including associated rights and debts.
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