LITTLE ROCK, Ark. — Arkansas’ governor is traveling to China and Japan next week to meet with business and government leaders in his third trade mission to Asia since taking office.

Gov. Asa Hutchinson’s office on Wednesday said the governor is leaving Oct. 31 for the trip and will return Nov. 7. Hutchinson’s office said the governor will visit Hefei province to sign a formal memorandum of understanding with Risever, a Chinese company that announced plans Wednesday to spend more than $20 million to build a factory in Jonesboro that will employ 130 people.

Hutchinson’s said the cost of the trip for the state will be about $70,000. The eight-person delegation will include Hutchinson, Chief of Staff Alison Williams and Arkansas Economic Development Commission Executive Director Mike Preston.