Waste Management NZ ownership juggles between Mainland China and Hong Kong

Tue, 14 Jun 2016

By Paul McBeth June 14 (BusinessDesk) - Chinese state-owned enterprise Beijing Capital Group plans to put a controlling stake in Waste Management NZ into a Hong Kong-listed company it also controls. Hong Kong-based Capital Environment Holdings shareholders will vote next week on a deal that would see the company buy a 51 percent stake in Waste Management NZ for US$234.4 million, filings to the Hong Kong stock exchange show. The transaction involves connected parties, with Beijing Capital indirectly owning about 55 percent of Capital Envi...

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