Sound Global Buys Water Supply Project in East ChinaBloomberg News
Sound Global Ltd. bought a water supply project in Shan county in China’s eastern province of Shandong.
The project has an operating term of as many as 35 years, the Chinese wastewater-treatment company said in a statement to the Hong Kong stock exchange yesterday.
It’s the only such project in the county and is designed to supply 100,000 metric tons of water each day to a population of 700,000, Sound Global said.
The company is boosting growth through acquisitions. Sound Global said on Dec. 17 that it bought two units from Advanced Holdings Ltd. to gain water supply and sewage treatment plants.
— With assistance by Feifei Shen