Qifeng Chemical in Talks Over Possible Water-Treatment Purchase

Jilin Qifeng Chemical Fiber Co. is in talks with an undisclosed seller over the possible acquisition of assets related to “utilities generation and transmission” and water treatment, the company said today.

Qifeng Chemical in the Hong Kong stock exchange filing said it hasn’t entered into any legally binding agreements. The statement came after the stock gained 14 percent, the most in 10 months, to close at 40 Hong Kong cents.

To contact the reporter on this story: Joshua Fellman in New York at jfellman@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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