Modern water rockets higher on China agreement

Modern Water, a water purifying and monitoring technology company, has signed a 'Framework Agreement' with Hangzhou Development Center of Water Treatment Technology (Hangzhou Water) for China, sending the shares up in early morning trade.

Modern Water, a water purifying and monitoring technology company, has signed a 'Framework Agreement' with Hangzhou Development Center of Water Treatment Technology (Hangzhou Water) for China, sending the shares up in early morning trade.

Details of the deal were sketchy but the partnership allows both organisations to jointly identify and develop projects in China, including seawater desalination plants and other water-related opportunities.

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