Citic Envirotech acquires additional 15% stake in United Envirotech Water (Changyi)

Published Thu, Jan 4, 2018 · 11:39 AM

CITIC Envirotech (CEL) will acquire an additional 15 per cent stake in its subsidiary, United Envirotech Water (Changyi) Co, from an existing minority shareholder for 32.5 million yuan (S$6.6 million).

CEL will have full ownership of Changyi Co post-acquisition.

Changyi Co runs five industrial wastewater treatment plants in Changyi City, Shandong province, with a total design capacity of 200,000 cu m per day.

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Companies & Markets

Companies & Markets

Citic Envirotech acquires additional 15% stake in United Envirotech Water (Changyi)

Companies & Markets

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Yeo Guat Kwang, John Chen retiring from corporate boards

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