By Vivien Shiao
Sembcorp Industries will be expanding its industrial wastewater
treatment business to China's Hubei province, with the development of
its first beachhead in Jingmen City.
Sembcorp said it would own a 95 per cent stake in the joint venture to build, own and operate an industrial wastewater treatment plant in the Jingmen
Chemical Industrial Park. Jingmen Xinyuan Investment Company, wholly owned by the Duodao District Government of Jingmen city and a business arm of the JCIP Administration Committee, will hold the remaining 5 per cent.
The total project investment of 98.7 million yuan will be funded through a mix of equity and borrowings.
Sembcorp's 95 per cent share of the equity investment amounts to 37.5 million yuan (S$7.8 million), which will be financed by internal funds.
Sembcorp said it would own a 95 per cent stake in the joint venture to build, own and operate an industrial wastewater treatment plant in the Jingmen
Chemical Industrial Park. Jingmen Xinyuan Investment Company, wholly owned by the Duodao District Government of Jingmen city and a business arm of the JCIP Administration Committee, will hold the remaining 5 per cent.
The total project investment of 98.7 million yuan will be funded through a mix of equity and borrowings.
Sembcorp's 95 per cent share of the equity investment amounts to 37.5 million yuan (S$7.8 million), which will be financed by internal funds.
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Will you be going to their agm on the 24th?
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