Company Briefs

United Envirotech in talks with potential buyer

WATER treatment company United Envirotech, with a market capitalisation of about US$1 billion, said yesterday that it is in talks with a potential buyer. KKR China Water Investment Holdings is its biggest shareholder. SGX-listed companies have become takeover targets recently, with the total size of these deals so far this year reaching a record US$13 billion. - Reuters

GMG Global expects Q2 loss, blames weaker rubber price