Salcon recycles its capital in China
- From: Vol 11, Issue 12 (December 2010)
- Category: General
- Region: Asia
- Country: Malaysia
- Related Companies: Hyflux and Salcon Bhd
Malaysia’s Salcon has released $36 million of equity from its existing Chinese projects to fund further expansion. It now wants to float its revitalised subsidiary.
Kuala Lumpur-based water operator Salcon Berhad has sold a 40% stake in its six ongoing Chinese water and wastewater concessions to the Challenger- Mitsui Emerging Markets Infrastructure Fund (EMIF). The company plans to plough back most of the MYR112.26 million ($36 million) proceeds into further projects in China.
Recent internal restructuring brought the projects together under a single Hong ...
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