Beijing Enterprises Holdings Limited (SEHK:392) will look for acquisitions. President Bin Xiong, said "in the water sector, the traditional incremental water market is shrinking, but there will still be some growth. At the same time, the concentration of the industry could still be improved.

After we have improved our management effectiveness and efficiency, we will have relative advantages over other enterprises in terms of integration and acquisition of assets in those areas where the concentration is not high. We will also put more focus on the industry or M&A opportunities in the future".