Shanghai, Singapore (PressExposure) November 12, 2012 -- Originally the IPO was to be launched in early November. Since it was announced, however, the company subsequently had a spike in new contracts. Most notably a substantial order has been signed by an affluent Middle East nation for desalinization equipment and multi-year service contracts.
This new business will have a significant impact on the company's revenues, and therefore its value. Proceeding with the original IPO structure was deemed unfair to present shareholders. The reevaluation by independent auditors will commence by month's end, and will take approximately six weeks to complete. Details of the revised deal should be available in January 2013.
H2O Solutions Limited specializes in nano-membrane purification and multi-charged plate desalination technologies. The company provides innovative solutions that include development, testing, integration, engineering, and manufacturing of an extensive array of water treatment systems. Through joint projects with key international partners, H2O Solutions provides cost-effective and environmentally friendly water purification and desalination systems.
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