Malaysia's Ranhill to sell 60% in water business to Singapore-listed SIIC for $40.9m

Malaysia's Ranhill to sell 60% in water business to Singapore-listed SIIC for $40.9m

Image of Ranhill website.

Malaysian conglomerate Ranhill Holdings Bhd has inked a deal to sell its 60 per cent stake in Ranhill Water (Hong Kong) Ltd to Singapore-listed SIIC Environment Holdings for $40.9 million, the divestment acting a springboard for the company into China.

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