The shareholders of Beijing Enterprises Water Group Limited (SEHK:371) authorized a share repurchase program at its Annual General Meeting on May 21, 2013. Under the program, the company will repurchase up to 756,752,823 shares, representing 10% of its issued share capital. The repurchases will be made out of funds which are legally available for the purpose in accordance with the memorandum of association and bye-laws of the company and the Companies Act. The repurchases ... will be in accordance with laws and requirements and regulations of the Stock Exchange of Hong Kong Limited or on any other stock exchange on which the shares of the company may be listed and recognized by the Securities and Futures Commission and the Stock Exchange of Hong Kong Limited for this purpose, subject to and in accordance with all applicable laws and requirements of the Securities and Futures Commission, the Stock Exchange of Hong Kong Limited or any other stock exchange as amended from time to time. The share repurchase program shall be valid until the earliest of the conclusion of the next Annual General Meeting, or the expiration of the period within which the next Annual General Meeting of the company is required by the bye-laws of company to be held or the passing of an ordinary resolution by the shareholders of the company in general meeting revoking or varying the authority given to the directors of the company by the resolution. As of April 15, 2013, the company has 7,567,528,234 shares in issue.
Read More

Beijing Enterprises Water Group Limited (SEHK:371) signed a sale and purchase agreement to acquire Compagnie Générale des Eaux(Portugal)-Consultadoria e Engenharia, S.A (CGEP Group) from Veolia Eau-Compagnie Générale des Eaux for €95.1 million in cash on March 21, 2013. The consideration is subject to an adjustment of up to €5 million, giving a maximum aggregate consideration of approximately €100.1 million. Also, Beijing Enterprises is acquiring the shareholder loans ... of CGEP. The CGEP Group reported revenues of €42.1 million, EBITDA of €8.2 million, net profit before taxation of €1.4 million and net profit after taxation of €1 million, total assets of €97.9 million, total common equity of €17.5 million for the year ended December 31, 2012. The transaction is expected to close on or before June 30, 2013. Banco Santander Totta SA acted as financial advisor to Beijing Enterprises and Banco Bilbao Vizcaya Argentaria, S.A. (CATS:BBVA) acted as financial advisor to Veolia Eau-Compagnie Générale des Eaux. Francisco Brito e Abreu, Ana Sa Couto, Tânia Luísa Faria, João Louro e Costa, Marta Presas, Manuel Cordeiro Ferreira, Martin Perrotto, Jay Ze, Juan Martín Perrotto and Rodrigo Peruyero of Uría Menéndez and Slaughter and May acted as legal advisors to Beijing Enterprises Water Group Limited. Duarte Abecassis and Marta Pereira da Silva of Cuatrecasas, Gonçalves Pereira, S.L.P. acted as legal advisor to Veolia Eau-Compagnie Générale des Eaux.
Read More

Beijing Enterprises Water Group Limited (SEHK:371) entered into the equity transfer agreement to acquire Dongguan City Degao Water Co., Ltd., Dongguan City Changping Gangzi Huanan Water Purify Co., Ltd., Dongguan City Gaobu Zhonghui Water Co., Ltd. and Dongguan City Shilung Huangjiashan Yuefu Water Purify Co., Ltd. from Harvest Brilliant Investments Limited on February 6, 2013. In related transactions, Beijing Enterprises Water Group Limited acquired Dongguan City Shipai ... Weitong Water Co., Ltd. and Dongguan City Shatin Fulusha Meixin Water Co., Ltd. from Guangdong Yuefeng Environmental Investment Co., Ltd. Beijing Enterprises Water Group Limited also agreed to acquire Dongguan City Daling Shan Yongyi Water Co., Ltd. Beijing Enterprises Water Group will pay a total of CNY 504.1 million for all the transactions. Under the terms of deal, CNY 169.5 million will be paid as the down payment within 3 business days after the date of signing of agreement, CNY 284.6 million will be paid on the 3rd business days after the fulfillment of the conditions, CNY 50 million will be settled upon obtaining all necessary approvals and certificates in respect of adjustment of the sewage treatment tariff of companies or Beijing Enterprises written consent for the release of such sum from the designated account. For the year ending December 31, 2012, total net profit before and after taxation and extraordinary items of Dongguan City Degao Water Co., Ltd., Dongguan City Changping Gangzi Huanan Water Purify Co., Ltd., Dongguan City Gaobu Zhonghui Water Co., Ltd., Dongguan City Shilung Huangjiashan Yuefu Water Purify Co., Ltd., Dongguan City Shipai Weitong Water Co., Ltd., Dongguan City Shatin Fulusha Meixin Water Co., Ltd. and Dongguan City Daling Shan Yongyi Water Co., Ltd. was CNY 59.27 million and CNY 57.55 million respectively, and unaudited total net asset value was approximately CNY 262.69 million. The consideration shall be funded by internal resources of Beijing Enterprises Water Group. Upon completion, the companies will be wholly owned by Beijing Enterprises Water Group. The deal is conditional upon obtaining and completion of all necessary approvals and procedures from relevant authorities, the delivery of all books, accounts and statutory records (including but not limited to all licenses, certificates, documents, instruments, agreements, approvals, books, seals and chops) and discharge and settlement of liabilities of companies. The completion of deal will take place upon fulfillment of all the conditions as mentioned above within 60 days from the date of signing of agreement.
Read More

Beijing Enterprises Water Group Limited (SEHK:371) entered into the equity transfer agreement to acquire Dongguan City Shipai Weitong Water Co., Ltd. and Dongguan City Shatin Fulusha Meixin Water Co., Ltd. from Guangdong Yuefeng Environmental Investment Co., Ltd. on February 6, 2013. In a related transactions, Beijing Enterprises Water Group Limited entered into the equity transfer agreement to acquire Dongguan City Degao Water Co., Ltd., Dongguan City Changping Gangzi ... Huanan Water Purify Co., Ltd., Dongguan City Gaobu Zhonghui Water Co., Ltd. and Dongguan City Shilung Huangjiashan Yuefu Water Purify Co., Ltd. from Harvest Brilliant Investments Limited. Beijing Enterprises Water Group Limited also entered into the equity transfer agreement to acquire Dongguan City Daling Shan Yongyi Water Co., Ltd. Beijing Enterprises Water Group will pay a total of CNY 504.1 million for all the transactions. Under the terms of deal, CNY 169.5 million will be paid as the down payment within 3 business days after the date of signing of agreement, CNY 284.6 million will be paid on the 3rd business days after the fulfillment of the conditions, CNY 50 million will be settled upon obtaining all necessary approvals and certificates in respect of adjustment of the sewage treatment tariff of companies or Beijing Enterprises written consent for the release of such sum from the designated account. For the year ending December 31, 2012, total net profit before and after taxation and extraordinary items of Dongguan City Degao Water Co., Ltd., Dongguan City Changping Gangzi Huanan Water Purify Co., Ltd., Dongguan City Gaobu Zhonghui Water Co., Ltd., Dongguan City Shilung Huangjiashan Yuefu Water Purify Co., Ltd., Dongguan City Shipai Weitong Water Co., Ltd., Dongguan City Shatin Fulusha Meixin Water Co., Ltd. and Dongguan City Daling Shan Yongyi Water Co., Ltd. (companies) was CNY 59.27 million and CNY 57.55 million respectively, unaudited total net asset value was approximately CNY 262.69 million. The consideration shall be funded by internal resources of Beijing Enterprises Water Group. Upon completion, Dongguan City Shipai Weitong Water Co., Ltd. and Dongguan City Shatin Fulusha Meixin Water Co., Ltd. will be wholly owned by Beijing Enterprises Water Group. The deal is conditional upon obtaining and completion of all necessary approvals and procedures from relevant authorities, the delivery of all books, accounts and statutory records (including but not limited to all licenses, certificates, documents, instruments, agreements, approvals, books, seals and chops) and discharge and settlement of liabilities of companies. The completion of deal will take place upon fulfillment of all the conditions as mentioned above within 60 days from the date of signing of agreement.
Read More

Beijing Enterprises Water Group Limited (SEHK:371) entered into the equity transfer agreement to acquire Dongguan City Daling Shan Yongyi Water Co., Ltd. on February 6, 2013. In related transactions, Beijing Enterprises agreed to acquire Dongguan City Degao Water Co., Ltd., Dongguan City Changping Gangzi Huanan Water Purify Co., Ltd., Dongguan City Gaobu Zhonghui Water Co., Ltd. and Dongguan City Shilung Huangjiashan Yuefu Water Purify Co., Ltd. from Harvest Brilliant ... Investments Limited and acquire Dongguan City Shipai Weitong Water Co., Ltd. and Dongguan City Shatin Fulusha Meixin Water Co., Ltd. from Guangdong Yuefeng Environmental Investment Co., Ltd. Beijing Enterprises Water Group will pay a total of CNY 504.1 million for all the transactions. Under the terms of deal, CNY 169.5 million will be paid as the down payment within 3 business days after the date of signing of agreement, CNY 284.6 million will be paid on the 3rd business days after the fulfillment of the conditions and CNY 50 million will be settled upon obtaining all necessary approvals and certificates in respect of adjustment of the sewage treatment tariff of companies or Beijing Enterprises written consent for the release of such sum from the designated account. The consideration shall be funded by internal resources of Beijing Enterprises Water Group. For the year ending December 31, 2012, total net profit before and after taxation and extraordinary items of Dongguan City Degao Water Co., Ltd., Dongguan City Changping Gangzi Huanan Water Purify Co., Ltd., Dongguan City Gaobu Zhonghui Water Co., Ltd., Dongguan City Shilung Huangjiashan Yuefu Water Purify Co., Ltd., Dongguan City Shipai Weitong Water Co., Ltd., Dongguan City Shatin Fulusha Meixin Water Co., Ltd. and Dongguan City Daling Shan Yongyi Water Co., Ltd. (companies) was CNY 59.27 million and CNY 57.55 million respectively and unaudited total net asset value was approximately CNY 262.69 million. The deal is conditional upon obtaining and completion of all necessary approvals and procedures from relevant authorities, the delivery of all books, accounts and statutory records (including but not limited to all licenses, certificates, documents, instruments, agreements, approvals, books, seals and chops) and discharge and settlement of liabilities of companies. The completion of deal will take place upon fulfillment of all the conditions as mentioned above within 60 days from the date of signing of agreement.
Read More

Sponsored Financial Commentaries

To contact BEIJING ENTERPRISES WATER GR, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.