Qian Jiang Water Resources Development Co.,Ltd (SHSE:600283) agreed to acquire majority stake in Dongyang Huachen Water and Dongyang China Power Construction Water and Fujian Huadong Water from POWERCHINA Huadong Engineering Corporation Limited on November 22, 2023. Qian Jiang Water Resources Development will acquire 100% stake in Dongyang Huachen Water, 51% stake in Dongyang China Power Construction Water and 100% stake in Fujian Huadong Water. On December 5, 2023 Qian Jiang Water Resources Development Co.,Ltd signed a contract with POWERCHINA Huadong Engineering Corporation Limited to acquire stake in Dongyang Huachen Water and Dongyang China Power Construction Water and Fujian Huadong Water.