Kunming Dianchi Water Treatment launches IPO

Hopes dividend payout will attract investors to deal at a time of industry transformation.

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, winning Rmb35 billion ($5 08 billion) in PPP projects...

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