April 23 (Reuters) - Waterco Ltd WAT.AX :
* WATERCO LTD - ENTERED AGREEMENT TO SELL ITS CHINESE UNIT, WATERCO (C) TO GUANGZHOU YAOLONG INFORMATION INDUSTRY
* WATERCO - ENTERED SALE AS PART OF STRATEGY TO DOWNSIZE MANUFACTURING ACTIVITIES IN CHINA
* WATERCO - PURCHASE PRICE PAYABLE TO CO UPON SALE COMPLETION RMB 149.28 MILLION (BEFORE TAXES)