SIIC Environment subsidiary acquires 100% stake in Jiaohe Jiaxin Water Co. for $19.4 mil

SINGAPORE (Aug 28): A subsidiary of SIIC Environment has acquired the entire issued and paid-up share capital of China-incorporated Jiaohe Jiaxin Water Co. for RMB95 million ($19.4 million).

Longjiang Environmental Protection Group Co., 57.97% owned by SIIC Environment, had entered into a share transfer agreement with GS-Licon (China) Envirotech Inc. to acquire the entire issued and paid-up share capital in Jiaohe Jiaxin.

Jiaohe Jiaxin registered capital is RMB 8 million and is principally engaged in the business of environmental protection, waste water treatment, technology development, technical services and etc.

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