Duoyuan Global Water issues follow-on public offering

    April 16, 2010 | BY

    clpstaff &clp articles

    Water treatment equipment supplier Duoyuan Global Water has issued and sold 2.76 million American depository shares in a US$105 million follow-on public…

    Water treatment equipment supplier Duoyuan Global Water has issued and sold 2.76 million American depository shares in a US$105 million follow-on public offering. The issuer's products address the key steps in the water treatment process and cover the three product categories of circulating water treatment, water purification and wastewater treatment.

    O'Melveny & Myers Shanghai partner Kurt Berney and his team acted for joint bookrunners Credit Suisse and Piper Jaffray. Winston & Strawn, Commerce & Finance and Maples & Calder represented Duoyuan.

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