GUH Holdings Bhd wholly-owned GUH International (HK) Pte Ltd (GUHHK) yesterday signed a preliminary agreement with the Development General Company of Jiangsu Gaochun Economic Development Zone in China to build a 100 million litres a day water treatment plant on a build-operate- transfer basis within the zone.
The 180 million renminbi project will be implemented in two phases and GUHHK will carry out feasibility studies on the project within a six months, GUH said.
The project will be funded through a combination of internally generated funds and borrowings to be arranged after the feasibility studies.
