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12 Jan 2021

NWS disposes of major assets in Environment segment for HK$6,533 million

(12 January 2021, Hong Kong) NWS Holdings Limited (“NWS” or the “Group”; HK stock code: 659) announced today that after trading hours on 11 January 2021, it entered into the sale and purchase agreements for the disposal of its major assets in the Environment segment. The Group has agreed to dispose of (1) its entire 42% equity interests in SUEZ NWS Limited (“SNL”) to SUEZ Asia Limited at a consideration of HK$4,173 million; and (2) its entire 12.55% equity interests in Chongqing Derun Environment Company Limited (“Derun”) to SNL at a consideration of HK$2,360 million. The total consideration of the two transactions is HK$6,533 million.

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