Business Times - 11 Jul 2008
I have not reported or shared much concerning water business news lately. This is consistent with my goals during Phase Two of this project. I do not believe that writing about the nitty-gritty details of business deals is terribly useful unless I have a better background on where and in what sort of business and ecological environment those deals take place.
Nevertheless this story is interesting. Shenyang is the capital of Liaoning province. Liaoning is in the Manchurian region of China and although I've never been there my understanding is that it is a declining, at time post-industrial region. Doing business there is not easy at times.
For more details on Shenyang:http://encarta.msn.com/encyclopedia_761565768/Shenyang.html
For a map showing the location of Shenyang:
http://encarta.msn.com/map_701516493/Shenyang.html
http://www.businesstimes.com.sg/sub/storyprintfriendly/0,4582,287367,00.html?
Sembcorp buys 3 water plants in China
SINGAPORE - Singapore conglomerate Sembcorp Industries said on Friday it will buy and run three water plants in Shenyang, China.
The investment will be done through a joint venture in which Sembcorp will hold an 80 per cent stake. The Singapore firm will invest 330 million yuan (US$48.3 million) in the project.
The plants have a total capacity of 160,000 cubic metres per day and will mainly serve industrial customers in the Shenyang Economic & Technological Development Zone. -- REUTERS
Copyright © 2007 Singapore Press Holdings Ltd. All rights reserved.
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