Friday, January 14, 2011

GUH ... Jan11

GUH Holdings Bhd has signed a preliminary agreement with the Development General Co of Jiangsu Gaochun Economic Development Zone, Jiangsu Province, China, for the construction of a 100 million litre per day (MLD) water treatment plant and distribution network.

GUH Holdings would undertake the construction of the plant on a build-operate-transfer basis. The investment for the project is estimated at 180 million yuan (RM83.5 million), excluding the distribution network, and the implementation will be in two phases of equal capacity.

The project would be funded through a combination of internally generated funds and borrowings, which would be arranged after the feasibility studies were concluded.

For its nine months ended September 2010, GUH posted a net profit of RM32.22 million on the back of RM232.58 million in sales. As at the end of September, GUH had net cash and bank balances of RM85.5 million.

Its shareholders equity as at the end of September stood at RM380.9 million.

This is GUH’s maiden foray into water treatment. GUH has a finger in several businesses, namely electronic, electrical, property development, plantation and power generation.

The electronic division is principally engaged in the manufacture and sale of printed circuit boards, while its electrical division sells electrical goods and appliances.

GUH’s property division arm, meanwhile, is actively involved in a development project in Taman Bukit Kepayang and a mixed development township in Seremban.

The company has also expanded into oil palm cultivation with an estate of 385 acres situated in Kuala Muda, Kedah.

GUH also has an associate company that operates a power plant in Cambodia.

GUH (previously known as Grand United Holdings Bhd) is controlled by its executive chairman Datuk Seri H’ng Bok San.

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