SIIC Environment Accelerates Major Wastewater Project

SIIC Environment Holdings (SG:BHK) has released an update.

SIIC Environment Holdings Ltd. has announced the acceleration of its Hanxi Wastewater Treatment Project’s third phase in Wuhan, with the company’s 80% owned subsidiary, Wuhan Hanxi, leading the implementation. The RMB 1.64 billion project, internally funded, is designed to process 200,000 tonnes of water daily and is slated for a 3-year construction and 30-year operation period. Notably, the project is not anticipated to significantly affect the company’s net tangible assets or earnings per share for the fiscal year ending December 2024.

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