1. Most Discussed
  2. Gainers & Losers
CLQ 54.0¢

China's Water Market Worth $50M ~ $300M for CLQ

  1. Algen

    1,709 Posts.
    The article cited below has just been put up on the CLQ website. It makes for some interesting reading.

    '(Reuters) - French utility Suez Environnement Company SA and Australia's Clean TeQ Holdings Ltd are looking to expand in China where the government has pledged at least $97 billion by 2020 to tackle a worsening water shortage.'

    'The firms aim to participate in projects from producing drinking water to treating sewage, as private investors are invited to improve the quality and quantity of water which is in short supply in almost half of China's 657 major cities.'

    'Foreign water firms have struggled to gain market share in China due to frequent regulation changes, so the latest pledge offers a rare opportunity, analysts said.'

    "The advantage that we have now is that there's quite a strong and hard push for the government to do something about cleaning up the water," said Ealden Tucker, general manager of global water at environmental engineering firm Clean TeQ, which is looking to enter China six years after its last attempt. "That's where things have changed for us."

    'China's water market could be worth "anywhere between $50 million to $300 million" for Clean TeQ, Tucker said.'


Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.