Epure International booked a CNY620 million boost as the China-based water treatment company lands its first overseas contract, to construct plant for Saudi Arabia's state-linked utility firm Marafiq. Project is slated for completion in 2011. Contract value equivalent to almost two-thirds of Epure's revenue for first nine months of 2009.
This deal should help Epure, already a household name in China's water treatment sector, to diversify earnings.
I am holding onto Epure for the long term.
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