<article><p>Beijing Enterprises Water Group Ltd said on Thursday it planned to sell HK$3.66 billion ($468 million) worth of new shares, raising money for working capital.</p></article>

<p>Beijing Enterprises Water Group Ltd said on Thursday it planned to sell HK$3.66 billion ($468 million) worth of new shares, raising money for working capital.</p>
<p>The Chinese sewage and reclaimed water treatment services group will issue 450 million new shares to third-party investors and another 169.49 million new shares to its controlling shareholder, Beijing Enterprises Environmental Construction Ltd.</p>
<p>The shares will be issued at HK$5.90 apiece, representing a 5.8 percent discount to the previous close, it said in a filing.</p>
<p>The stake of the controlling shareholder, a unit of Beijing Enterprises Holdings Ltd, will be reduced to 42.42 percent after the deal from 43.48 percent.</p>
<p>China International Capital Corp, Daiwa Capital Markets, Deutsche Bank AG, Haitong International Securities and UBS AG are the placing agents.</p>
<h4><em>Reuters</em></h4>


Beijing Enterprises Water Group Ltd said on Thursday it planned to sell $468 million worth of new shares, raising money for working capital.

Beijing Enterprises Water Group plans $468m share sale

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Beijing Enterprises Water Group plans $468m share sale

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