IFC proposes $100m investment in China's Penyao
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering an investment of up to $100 million in Chinese water treatment firm Penyao Environmental Protection.
IFC’s investment will support three wastewater treatment plants and two water supply projects in China, in addition to helping Penyao rationalize its capital structure by refinancing short-term debt....
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