Yunnan’s largest wastewater treatment and reclaimed water supplier opened the order books for a HK$1.3 billion to HK$1.6 billion $171 million to $205 million Hong Kong initial public offering on Friday, hoping to capitalise on China’s efforts to dramatically improve its water management over the next four years.
The government has prioritised the industry and strong growth appears to be a given, although companies are at different stages in transitioning to the public private partnership PPP model the governments wants all future projects to be run on.
Market leader, Beijing Enterprises Water, has already moved strongly in the direction of an asset light model,...
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