BRIEF-China Water Affairs Group Says Unit & Baofeng Government To Establish JV Co

March 6 (Reuters) - China Water Affairs Group Ltd:

* UNIT & BAOFENG GOVERNMENT ENTERED AGREEMENT TO ESTABLISH JOINT VENTURE CO

* TOTAL REGISTERED CAPITAL OF JV CO WILL BE ABOUT RMB200 MILLION

* JV CO WILL BE ENGAGED IN WATER SUPPLY BUSINESS IN BAOFENG COUNTY, HENAN PROVINCE

* UNIT WILL HOLD 70% OF EQUITY INTEREST IN JV CO

* EXPECTED THAT TOTAL DESIGNED DAILY WATER SUPPLY CAPACITY OF JV CO WILL REACH 79,000 TONNES PER DAY Source text for Eikon: Further company coverage: