Tianjin Water Group Co., Ltd. signed a share transfer agreement to acquire 13.01% stake in Bohai Water Industry Co.,Ltd (SZSE:000605) from TEDA Investment Holding Co., Ltd. for approximately CNY 260 million on November 12, 2021. As per the transaction, Tianjin Water Group Co., Ltd. will acquire 45,868,731 shares at CNY 5.7191 per share. As of December 16, 2021, the transaction is approved by Municipal SASAC.

As on May 10, 2022, the transaction has received the "Decision on No Prohibition on the Anti-monopoly Review of Concentration of Business Operators".