KUALA LUMPUR: TALIWORKS CORPORATION BHD [] will take over four municipal waste water treatment plants with recycled water facilities in Yinchuan City, China after it had failed to formalise the JV company with Beijing Puresino-Boda Environmental Engineering Co. Ltd (BODA).
The company said on Thursday, Jan 27 it would be on a takeover-operate-transfer basis for 810 renminbi or RM374.71 million.
Under the terms of the tender requiring the JV partners to assume responsibility of the entire project and following a default by BODA to fulfil its obligation, Taliworks said it had to take over the project.
Taliworks said it accepted the offer by the Yinchuan City Waste Water Treatment Co. Committee to assume the project and it would to look for another partner to jointly participate in this project at a later date.
The company said on Thursday, Jan 27 it would be on a takeover-operate-transfer basis for 810 renminbi or RM374.71 million.
Under the terms of the tender requiring the JV partners to assume responsibility of the entire project and following a default by BODA to fulfil its obligation, Taliworks said it had to take over the project.
Taliworks said it accepted the offer by the Yinchuan City Waste Water Treatment Co. Committee to assume the project and it would to look for another partner to jointly participate in this project at a later date.
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