AYALA-LED Manila Water Company, Inc. (Manila Water), through its wholly owned subsidiary Manila Water South Asia Holdings Pte. Ltd. (MWSAH) based in Singapore, announced on Monday that it is increasing its stake in Saigon Water Infrastructure Corp. (Sll) in Vietnam to nearly 38 percent from 31 percent.
In a disclosure to the local bourse, Manila Water said that MWSAH has signed an investment agreement with Saigon Water for the acquisition of an additional 6.15 million primary shares in Saigon Water.
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