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Tri-Tech soars on China water decree

Oct. 17, 2013 2:51 PM ETTri-Tech Holding, Inc. (TRIT-OLD) StockTRIT-OLDBy: Colin Lokey, SA News Editor
  • Shares of Tri-Tech Holding (TRIT +32.1%) spike suddenly on heavy volume.
  • Some suggest the move is attributable to Chinese Premier Li Keqiang's signing of a new decree which mandates that governments above the county level integrate urban drainage and sewage treatment facilities in their economic planning efforts.
  • In order to address a "grave" water pollution situation, the government is raising  the amount allocated to water pollution control in major drainage areas to ¥500B over five years from ¥300B over the previous five-year period.

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