Thu Dau Mot Water Joint Stock Company (TDM Water) has just won the auction, successfully acquired 2 million shares of Water Supply and Sewerage Construction and Investment Joint Stock Company (Waseco), which currently owns by Gia Tan Water Supply Joint Stock Company (Giwaco - Dong Nai), equivalent to 20% of charter capital.

Giwaco was established in 2017 due to having to invest in a large area, with a high investment capital, so the financial plan in the business was unbalanced for the first few years. To revive the company in the new period, Mr. Nguyen Van Thien - Chairman of the Board of Directors of Binh Duong Water - Environment Joint Stock Company (Biwase) was trusted to be elected as Chairman of the Board of Directors of the Joint Stock Company. Gia Tan for the 2021-2025 term to promote effective investment experience in the water sector.

TDM Water is a company with good financial capacity. The successful acquisition of all (20%) shares of Waseco will create conditions for TDM Water to cooperate with Biwase and other companies to promote the strengths and experiences that contribute to the rapid transformation of Giwaco's business results in the future. soonest. And above all, best implement the goal of clean water to people and businesses at the earliest and most convenient.

(Vietnam Business Forum)