588 articles in China
There are a mix of infrastructure funds, buy-out funds, and growth investors backing the water sector. Who are the main players?
The arrival of a new industrial wastewater treatment technology specialist from China has been greeted enthusiastically by Nasdaq investors. Have New Yorkers’ views of the corporate governance risks in Chinese companies changed?
Singapore-listed engineer Darco Water Technologies, which is particularly strong in the Malaysian microelectronics industry, has initiated a pilot project using forward osmosis membranes from Denmark’s Aquaporin on semiconductor wastewater streams.
MSCI decision cracks open the door to a more investible Chinese water stocks universe Vol 18, Issue 6 (June 2017)
The MSCI has given the green light to the inclusion of a small proportion of Chinese ‘A’ shares in its widely tracked Emerging Markets
index. GWI looks at what this could mean for foreign investment in the growing universe of Chinese water stocks.
Chinese project developer Penyao Environmental Protection, which used to trade on the Singapore stock Exchange as Asia Environment Holdings until it was bought by private equity in 2011, is negotiating a $100 million loan with the International Finance Corporation.
Safbon’s fourth cross-border buy in two years will function as a bridge to the US, and bring a crucial bank of engineers.
Asian Development Bank signs off on $250 million loan for CITIC’s water subsidiary Vol 18, Issue 5 (May 2017)
The growing trend in China for ever larger PPP contracts covering multiple environmental services is attracting the largest state-owned names into water. With its latest loan to CITIC, the ADB is recognising that these integrated solutions providers are the future.
The water sector and private sector participation are two key priorities for the fledgling AIIB. A policy of trying to limit its investment in China – the main market for bankable water BOTs – means that its private sector arm may struggle to match its sovereign lending.
Credit rating agency Moody’s has assigned a Aa2 rating to the new $350 million bond issued by Korean utility K-water, which is documented under a new $2 billion EMTN programme.
Three Chinese state-owned enterprises have joined a clutch of Australian private equity firms in the race to buy water treatment plant operator Trility. The need to secure approval from BOT clients – and rising protectionism in politics – could make for a long negotiation.