Kuo Toong International Co., Ltd. and Baoqing County Yulin Engineering Machinery Lease Co., Ltd. jointly made bid to acquire Fengyuan Avenue Annular Buried Main Pipe Project-Pipe from Taiwan Water Corporation for TWD 896.7 million.

KUO TOONG INTERNATIONAL CO., LTD. is a Taiwan-based company principally engaged in the engineering contracting business. The Company provides engineering contracting services for water transmission pipelines, waste treatment pipelines and others, as well as the manufacture and sale of prestressed concrete cylinder pipes (PCCPs), reinforced concrete pipes (RCPs), prestressed concrete non-cylinder pipes (PSCPs), jacking pipes (JCPs), ductile iron pipes (DIPs), welded steel pipes (WSPs), stainless steel pipes and steel pipe joints, among others. It also involves in sea water desalination business. The Company principally operates its business in domestic market.