Following the success of its existing joint venture operations in the Guangxi Autonomous Region of South China, British Sugar Overseas (BSO) has signed an agreement with the Wuxuan Sugar Mill. Under the agreement, BSO will invest 63 million yuan (about $US 7.6 million) for 70% of a new joint venture company to be called Bo Xuan. The new company will be expanded to produce up to 100K tonnes of sugar per year.