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Why don't many water investment and water limited liability companies merge with provincial water investment group?

Regionality and business diversity.

1. Regional: Water Investment and Water Company is a company established by region. A city or county has its own water investment and water service company. These companies operate independently, so they will not merge into a large water investment group.

2. Diversification of business: Water Investment The business of water companies includes water supply, drainage and sewage treatment. These businesses have different operating modes and market demands, so it is difficult to achieve unified management and operation after merging with the provincial water investment group.