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SIIC Environment incorporates wholly-owned subsidiary with registered capital of $3.9 mil, secures O&M agreement for $0.4 mil

Felicia Tan
Felicia Tan6/18/2020 07:59 PM GMT+08  • 1 min read
SIIC Environment incorporates wholly-owned subsidiary with registered capital of $3.9 mil, secures O&M agreement for $0.4 mil
SIIC Environment Holdings’ indirect-owned subsidiary Longjiang Environmental Protection Group Co, which it has a 58.0% stake in.
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SINGAPORE (June 18): SIIC Environment Holdings’ indirect-owned subsidiary Longjiang Environmental Protection Group Co, which it has a 58.0% stake in, has incorporated a wholly-owned subsidiary for a registered capital of RMB20 million (S$3.9 million).

The new subsidiary, named Heilongjiang Bolan Water (Bolan Water), is a company entrusted by Longjiang in specialising in O&M water projects. It will mainly focus on wastewater treatment and reclamation, as well as tap water treatment and supply. It will also serve as a trade agency.

Meanwhile, SIIC’s indirectly-owned subsidiary, Shanghai Fudan Water Engineering Technology Co, has signed and O&M agreement for the Cixi City Zhouxiang Wastewater Treatment Plant with Cixi City Drainage Co., and Cixi Zhouhang Wastewater Treatment Co. for a service fee of RMB2.09 million per six months

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