water

OUE Hospitality Trust launches an offering of up to $481 million one day after SPH Reit hit the market, while Ranhill Energy and Resources leads a host of listing hopefuls in Malaysia and Puradelta Lestari starts to gauge the demand for Indonesia’s largest IPO this year.

The deal comes after Cheung Kong Infrastructure made a $3.8 billion bid for Northumbrian Water in the UK last week — a move that has pushed CKI's share price 6.8% higher in the past four days.

The Singapore-listed wastewater treatment company raises $100 million from a renminbi-denominated CB that attracts strong demand from both outright investors and hedge funds.

The Chinese water supplier comes to market at a time of severe drought near its base in southwestern China, and even together with a lower-than-average IPO valuation, demand from investors isn't overwhelming.

The Chinese specialty chemicals producer prices its offering at the top to raise $72.8 million. Meanwhile, Duoyuan Global Water prices above the range and then gains another 30% on the first day.

Infrastructure investment will play a key role in how the world addresses the problem of water scarcity, says Standard Chartered.

That was the message to investors from Royal Bank of Scotland during a media briefing yesterday featuring WWF's Earth Hour that segued into a promotion for RBS's green investing opportunities.

The Clean Water Asia long-only fund will complement a long/short water fund and will be handled by the CRA Management unit of CLSA Capital Partners.

The world needs water and it needs companies that can come up with innovative technology and distribution systems to provide this essential resource.