Uni-Asia Group Subsidiary Lands Private Finance Initiative Project in Japan

MT Newswires11-01

Uni-Asia Group's (SGX:CHJ) wholly owned subsidiary, Uni-Asia Capital, won a bid to develop and operate a private finance initiative project initiated by the Kawasaki City government in Japan, according to a filing with the Singapore Exchange on Thursday.

The project involves the replacement of an old existing facility to set up a new public use facility that will include heated public pools, a public bathhouse and other community facility, the filing said.

The consortium, led by Uni-Asia's subsidiary, will operate the facility for a period of 20 years once the development is completed in 2029.

Shares of the industry maritime transportation company were down nearly 2% in recent trading.

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