Complant has already registered its Jamaican firm which will run the three newly acquired Jamaican sugar factories as Pan Caribbean Sugar Company Limited.
The company chairman Lyn Yuting said the rehabilitation of the factories will take three to four years, because production will not be suspended to facilitate the upgrade.
He said several pieces of equipment have been ordered and are expected to arrive in Jamaica by September.
Although Complant has bought the sugar factories for US$9 million, its total investment will be US$166 million, according to Prime Minister Golding.
Commerce minister Dr Christopher Tufton said Complant will benefit from all the statutory waivers applicable to agricultural companies.
Meanwhile, Aubyn Hill the head of the negotiating team for the divestment, said Complant has also applied for a few discretionary waivers but it was too early to put a dollar value to it.