Wei Qiao Textile (02698): Subsidiary And Wei Qiao Venture Sign Water Supply Agreement For Production
Wei Qiao textile (02698.HK) announced that in January 23, 2019, the company's wholly owned subsidiary, sinonpower cogeneration, and its controlling shareholder, Wei Qiao, entered into an agreement on water supply for production from January 23, 2019 until December 31, 2021.
Accordingly, Wei Qiao venture will supply water to power plant for production purposes.
During the period from January 23, 2019 to December 31, 2021, the estimated maximum purchase volume of production water under the agreement on production water supply was 39 million 720 thousand tons, and the annual ceiling estimated to be paid by thermoelectric thermoelectric to Wei Qiao was 61 million 700 thousand yuan.
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