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Beijing Capital Co Ltd to Set up Subsidiary for BOT Project Construction; Subsidiary Signs Franchise Contracts

Monday, 28 Oct 2013 08:00pm EDT 

Beijing Capital Co Ltd announced that it has decided to invest RMB 12 million to set up a wholly owned subsidiary (Subsidiary A) in Tancheng County, for a sewage treatment plant building, operating and transferring (BOT) project. The Company also signed a franchise contract with People's Government of Tancheng County for the operation of the sewage treatment plant for Subsidiary A, with an operating period of 30 years. The Company will also inject RMB 37.5 million into its another wholly owned subsidiary, a Linyi-based water affair company, which has signed a franchise contract for the operating of No. 2 Sewage Treatment Plant of Linyi City, to support the subsidiary with the phase II investment in this plant. This project is with a total investment of RMB 75 million and the operating period will be until 2039. 

Company Quote

24 Apr 2015