Manila Water buys equity in Vietnam's Saigon Water
Published on by Water Network Research, Official research team of The Water Network in Business
Manila Water Company Inc. on Tuesday said it is buying up to 18.37 million shares in Saigon Water Infrastructure Corporation, via subsidiary Manila Water South Asia Holdings Pte. Ltd., the Ayala-led utility told the Philippine Stock Exchange. Manila Water South Asia has signed an investment deal with Saigon Water covering 31.47 percent of the Vietnamese utility's outstanding capital stock.
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