SIIC Environment Updates on 160,000-Tonne Projects; Shares Up 4%

MT Newswires07-23

SIIC Environment (SGX:BHK) has reported progress on several major wastewater treatment projects in China, totaling 160,000 tonnes capacity, according to a Monday filing on the Singapore Exchange.

The company's 75.5% indirectly-owned subsidiary, SIIC Environment Holdings Weifang, has signed an agreement for the Weifang City Weicheng District WWTP with a 50,000-tonne per day capacity and Quasi Grade IV discharge standards.

Additionally, SIIC Environment Holdings Beihai, a 90% indirectly-owned subsidiary, has secured the Beihai Daguansha WWTP 2nd Phase with a 35,000-tonne per day capacity and Class I Standard A discharge standards.

The Harbin City Pingfang WWTP Improvement Project has been upgraded by 45,000 tonnes with improved discharge standards to Class I Standard A.

Meanwhile, the Hegang City WWTP Project (West Plant Expansion 2nd Phase) has commenced operation, effective June 30, 2023, with a 30,000-tonne per day capacity and Class I Standard A discharge standards.

Shares of the company were up 3.6% in recent trade.

Price (SGD): S$0.17, Change: S$+0.01, Percent Change: +3.01%

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