HK billionaire Li buys NZ waste company for $412M

Published on NewsOK Modified: January 15, 2013 at 3:06 am •  Published: January 15, 2013
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EnviroWaste serves about half a million residential and business customers across New Zealand. It has more than 500 employees and owns garbage collection and recycling depots, landfills, transfer stations and electricity generating stations that convert methane gas from waste dumps.

"Waste management provides good opportunity for future growth," Group Managing Director Kam Hing-lam said in a statement. "It is expected that New Zealand will experience long-term waste volume growth as the economy continues to expand."

Cheung Kong Infrastructure is one of several Hong Kong companies controlled by 84-year-old Li, whose fortune is estimated by Forbes at $30 billion.

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Online:

Cheung Kong Infrastructure: www.cki.com.hk

EnviroWaste: www.envirowaste.co.nz



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