Kunming Dianchi Water Treatment launches IPO

Hopes dividend payout will attract investors to deal at a time of industry transformation.

Yunnan’s largest wastewater treatment and reclaimed water supplier opened the order books for a HK$1.3 billion to HK$1.6 billion ($171 million to $205 million) Hong Kong initial public offering on Friday, hoping to capitalise on China’s efforts to dramatically improve its water management over the next four years.

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