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>SINGAPORE conglomerate Sembcorp Industries said on Friday it will buy and run three water plants in Shenyang, China.
The investment will be done through a joint venture in which Sembcorp will hold an 80 per cent stake. The Singapore firm will invest 330 million yuan ($48.3 million) in the project.
The plants have a total capacity of 160,000 cubic metres (5.7 million cu ft) per day and will mainly serve industrial customers in the Shenyang Economic & Technological Development Zone.
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