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Chongqing Water Group (601158.SH): plans to establish a joint venture to expand its municipal drainage network operation and maintenance Business in the central urban area of Chongqing.
On March 11, Glonghui announced that Chongqing Water Group (601158.SH) has disclosed that in order to consolidate its market advantage in the region, leverage the company's rich practical experience and technical advantages in the construction, maintenance, and operation of drainage networks, enhance Operation maintenance efficiency, and support the sustainable development of the company's Sewerage business Sector, the company will jointly establish Chongqing Water Intelligent Network Operation Co., Ltd. (tentative name) with its Shareholder, Chongqing Water Environment Holding Group Co., Ltd., in the form of cash investment to expand the integrated operation and maintenance business of municipal drainage networks and other facilities in the main urban area of Chongqing's "9+2" districts, with a registered capital of 50.0.
Chongqing Water Group Subsidiary Plans to Acquire Water Supply Network Project
Chongqing Water Group (601158.SH): intends to acquire the water supply pipeline project for 65.2552 million yuan.
On February 17, Glonghui reported that Chongqing Water Group (601158.SH) announced plans to avoid competition with major Shareholders in the same industry, enhance the safety and efficiency of the company's water supply service Business, and consolidate the company's market advantage in Chongqing. The company intends to acquire the Assets for the main urban old pipeline renovation phase three project constructed by Chongqing Water Group Environment Group, along with related debts and claims (hereinafter referred to as symbol), from its wholly-owned subsidiary, Chongqing Water Supply Co., Ltd., for 65.2552 million yuan. This acquisition will be funded through self-raised funds and will be paid in installments according to the agreement. This acquisition falls within the company's main Business and aligns with the company's development Global Strategy.
Does Chongqing Water GroupLtd (SHSE:601158) Have A Healthy Balance Sheet?
Chongqing Water Group (601158.SH): The "Yushui Convertible Bond" will be listed for Trade starting from February 13.
Chongqing Water Group (601158.SH) announced that it has received approval from the China Securities Regulatory Commission [2024...
Weak Financial Prospects Seem To Be Dragging Down Chongqing Water Group Co.,Ltd. (SHSE:601158) Stock
Investors in Chongqing Water GroupLtd (SHSE:601158) Have Seen Returns of 14% Over the Past Five Years
