Background
AWT is a water treatment specialist, providing comprehensive and integrated engineering solutions for water purification and wastewater treatment systems. Its business was conducted primarily in the People’s Republic of China through its subsidiary, Wuhan Kaidi Water Services Co Ltd. The company’s main revenues came from three core business segments: water purification, wastewater treatment and other auxiliary projects. Before June 2004, AWT specialised in engineering, procurement and commissioning (EPC) contracts for water purification treatment systems. However, business opportunities presented AWT a chance to expand its business model. In 2004, AWT shifted from pure contracting to a mixture of ownership of projects and providing EPC services.