November 23 -- Huainan Capital, a subsidiary of Beijing Capital (600008.SH), intends to invest 325 million yuan to build a drainage network in Huainan, Anhui province, reports Yicai.com, citing a company filing.

Beijing Capital will invest 64 million yuan into Huainan Capital, increasing its stake in the subsidiary from 87.93 percent to 92 percent.

According to the filing, the project will have daily water supply capacity of 280,000 tons, and daily sewage treatment capacity of 200,000 tons.

The investment has an internal return rate (IRR) of 9.13 percent.