Waste management firm Sen Yue eyes smelting business with S$4m plant

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CATALIST-LISTED Sen Yue is planning to set up a smelting facility in Singapore that will cost some S$4 million to expand the group’s waste management and processing capabilities, it said in a bourse filing on Thursday morning. Read more at The Business Times.

It will be built at the group’s premises at 3 Jalan Pesawat.

The total estimated cost of S$4 million will be funded using the group’s internal resources and working capital. The project is not expected to have a material impact on the consolidated net tangible assets or earnings per share of the group for the current financial year ending Sept 30. “Our new smelting facility will be a major step towards our environmentally friendly strategy, where materials are used in a closed-loop system, with little or no waste ending up in landfills,” said Koh Mia Seng, executive chairman of Sen Yue.

Sen Yue said it had in 2016 obtained shareholders’ approval to diversify into the waste management business. This includes waste management solutions; the collection, transport, handling, treatment, management and disposal of commercial, hazardous, electronic waste and metal scraps; the recycling and trading of metal scraps and electronic waste; and materials recovery.About 29.

 

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Stocks to watch: SembMarine, CCT, Sen Yue, Qian HuTHE following companies saw new developments that may affect trading of their shares on Thursday: Read more at The Business Times.
منبع: BusinessTimes - 🏆 15. / 51 ادامه مطلب »

Stocks to watch: SembMarine, CCT, Sen Yue, Qian HuTHE following companies saw new developments that may affect trading of their shares on Thursday: Read more at The Business Times.
منبع: BusinessTimes - 🏆 15. / 51 ادامه مطلب »