SINGAPORE (Oct 22): Shares of Tritech Group are trading higher on news that the company has secured a build-operate-transfer contract for a wastewater treatment plant in an industrial park in China.

The investment for the project is estimated at RMB500 million ($110 million).

The contract will likely boost Tritech’s orderbook and earning profile and place it as a contender for future such projects in China, which is aggressively looking to boost its wastewater treatment facilities.

Stock is up 0.8% at 12.8 cents, while the Straits Times Index is up 0.4%.