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Beijing Enterprises Water Completes Standard Water Project Deal

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Sept. 9 (Bloomberg) -- Beijing Enterprises Water Group Ltd. completed the 1.35 billion-yuan ($220 million) acquisition of a pair of Standard Water Ltd. subsidiaries involved in 36 water projects in Shandong, Shanxi and elsewhere in China.

The water-treatment systems developer, which announced the purchases in July, said in a Hong Kong stock exchange filing yesterday that it also agreed to pay off almost 518 million yuan in debt as terms of the deal to acquire the units Crystal Water Co. and China Water Holdings Pte.

Link to Company News:{371 HK <Equity> CN <GO>}

To contact the reporter on this story: Bei Hu in Hong Kong at bhu5@bloomberg.net

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