PBA Holdings Bhds (PBA) month-old joint-venture company, Pinang Water Ltd (PWL), has secured its first waterworks project in China that will yield a minimum committed gross revenue of RM243mil over a 29-year period.
The joint venture, which is 26% held by PBA, 37% by YLI Holdings Bhd and 37% by KWI Far East Sdn Bhd, will make an initial investment of about RM17mil in a 100,000 m3/day water treatment plant in Yichun City, in China's Jiangxi Province.
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