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Beijing purchases water from Guangxi

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Beijing Enterprises Water Group Ltd, a new entrant in the environmental services industry, has agreed to buy 80 percent of Guigang Municipality Water Supply Ltd for 100 million yuan (US$14.5 million).

The stake purchase in Guigang Water in Guangxi Zhuang Autonomous Region will expand Beijing Enterprises' business, the firm said yesterday.

(Shanghai Daily?November 24, 2008)

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