China Water Affairs Group, which supplies drinking water and treats sewage in 40 mainland cities, saw underlying profit jump about threefold to HK$31.36 million in the six months to September after it added new commercial projects.Saturday, 24 November, 2007, 12:00am
China Water Affairs reaches supply target of 4m tonnes
Mainland drinking water supplier China Water Affairs Group said it had reached next year's target to supply four million tonnes of water. Chairman Duan Chuanliang said the growth rate of existing water plants would be more than 20 per cent and the group was aiming for more acquisitions. He declined to give further details.8 Sep 2007 - 12:00am
China Water Affairs Group, which supplies drinking water for about 18 mainland cities, was raising about HK$650 million by selling convertible bonds to fund projects, sources said yesterday.
The group's second bond issue in about a year could be converted into new shares at HK$7 a piece in five years, the sources said.18 Jul 2007 - 12:00am
China Water Affairs Group, a water and sewage treatment provider, raised HK$456 million from a share placement for expansion in the mainland.
The Hong Kong-listed company sold 167.2 million new shares, or 14.7 per cent of its enlarged share capital, at HK$2.73 each to 13 independent institutional investors, according to a statement filed with the stock exchange.22 Dec 2006 - 12:00am
Water affairs group joins forces with china water7 Aug 2006 - 12:00am
China Water Affairs Group plans to sell as much as $300 million in five-year convertible bonds, its third fund-raising in five months, to fund water supply development projects on the mainland.
The latest deal boosts China Water's investment war chest to $473 million, including $175 million raised earlier through two share placements.28 Jun 2006 - 12:00am