China Water Property (02349) said it entered into a framework agreement with Beijing Zhongshiyuan Pipeline Technology Company Limited in relation to a proposed cooperation of an exclusive twenty-years natural gas operating rights project in Shangli county of Jiangxi Province including its industrial and urban areas.
China Water Property will hold 51% interest in, and thus will become the controlling shareholder of, the project company that will operate the Jiangxi Natural Gas Project.
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