SUBANG JAYA (June 20): Waste and wastewater specialists, Salcon Bhd are in discussions with several parties for potential mergers in China to help quicken its plans to list its Chinese water assets in the next two years, said executive director Datuk Eddy Leong Kok Wah.
"Our current capacity is at about 1,300 million litres a day (MLD) but we need to be at a decent size 3,000 MLD when we want to list. So we are now in talks with one or two companies for mergers," he told The Edge Financial Daily after the group's annual general meeting on Wednesday.
The companies that it was considering were of equal size in terms of capacity or those which were sizeable enough, he said.
Furthermore, chief operating officer Ir. Ooi Cheng Swee added that the group was also exploring a potential project costing more than RM1 billion in Indonesia to boost its capacity.
"The environment in Indonesia has changed quite drastically in the past year. We are now seriously considering a project there," Ooi said.