Beijing Capital targets industrial water market with new buys as Macquarie looks to exit China

摘要

Australian investment group Mac-quarie began a long-planned pull-out from some of its Chinese water investments this month with a high-pro-file sale to Beijing Capital. On 14 February, the Shanghai-listed state-owned developer announced the acquisition of 100% of Dalian Hengji Xin-run Water Company (Hengji Water) for RMB1.253 billion ($179 million). It is the first of several Chinese water assets Mac-quarie has been looking to sell.