Updated  
July, 10 2012 10:18:47

State-owned water company sets up affiliate

HA NOI — The Ha Noi Clean Water Trading Co has equitised its subsidiary, the Ha Noi Purified Water Co, converting it into a joint stock company. The company has a charter capital of VND8.47 billion ($403,300), of which the State-owned parent company will hold 73 per cent. Fewer than one per cent of shares will be sold to staff, while the remaining 26.5 per cent will be sold to investors.

Ha Noi Purified Water Enterprise, established in 2007, produces purified water under the trademark of Cawa (Capital Water).-VNS

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