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Keyword: nanhai

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  • China - Bill Gates’ charity buys Nanhai Development shares (water utility)

    01/31/2005 11:28:21 PM PST · by HAL9000 · 1 replies · 759+ views
    Xinhua News Agency ^ | February 1, 2005 | The Communist Party of China
       BEIJING, Feb. 1 -- A Charitable body set up by Microsoft Corp. founder Bill Gates and his wife has bought into Shanghai-listed water utility Nanhai Development Co., the latest foreign investor seeking to tap into the potential of China’s water industry.     Foshan, Guangdong-based Nanhai Development said in its 2004 financial statement the Bill & Melinda Gates Foundation purchased 523,501 shares during November and December last year to become its ninth-largest shareholder.     Nanhai Development did not disclose how much the Gates charity paid for the shares, but domestic media reported the foundation had bought Nanhai Development shares at about eight...