Stock News: China Paper to build 80 mln plant!

Integrated paper manufacturer China Paper Holdings Ltd edged higher after it said that it will spend about 80 mln yuan to build an enhanced wastewater treatment plant to comply with new government regulations on the environment. The firm said the plant will be funded internally, and construction will start on Jan 1, 2007, to be completed by June next year. In early morning trade, China Paper was up 0.03 sgd or 9.84 pct at 0.335 on brisk volume of 5.32 mln shares.