Ranhill shares up after securing RM19.33m water treatment concession in Thailand

PETALING JAYA: Ranhill Holdings Bhd’s share price rose 0.62% today after obtaining a THB152.58 million (RM19.33 million) build-operate-transfer (BOT) concession agreement for a reclamation water treatment plant in Rayong province, Thailand.
At 11.35am, its share price rose 0.62% or 0.5 sen to 80.5 sen with a total of 501,400 shares traded. The stock was unchanged at 80 sen last Friday on some 18,300 shares done.
Last Friday, Ranhill said that Amata Water Company Ltd had via its letter dated Oct 16 accepted the proposal by its indirect subsidiary AnuRAK Water Treatment Facilities Co Ltd for the water treatment deal.
The concession period is 20 years, including the construction period of 10 months, which is expected to start in January 2018.
The plant, which is located at Amata City Phase 4 Industrial Estate, has an output capacity of 7 million litres per day. A formal concession agreement is required to be executed in due course.
Ranhill said the new concession will cover the construction of the reclamation water treatment plant for treated waste water to enable reuse, for industrial purposes.