BUYERS’ BAZAAR
- From: Vol 12, Issue 3 (March 2011)
- Category: Need to know
- Region: Asia
- Country: Australia, China and Singapore
- Related Companies: CDH China Holdings Management, China Water and Drinks, Clean Water Investment, Heckmann Corporation, Interchina Holdings and Sinomem Technology
* Singapore’s Sinomem, which has contracts for 18 wastewater treatment plants in China, saw its shares rise 30% this month after a Chinese private equity fund made a US$276 million bid for the company.
The acquisition vehicle, Clean Water Investment, is managed by CDH Water, which in turn is controlled by CDH China Holdings Management, based in Beijing.
* Elsewhere on the mainland, other Chinese companies are preparing their international strategies (see story p32). It seems that the government is pushing stateowned water businesses like General Water overseas, whereas private companies like InterChina Water find ...
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