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United Envirotech to be vehicle for all future Citic water projects

UEL also announces acquisition of wastewater treatment firm in Hebei, China for 500m yuan

Singapore

ALL future water treatment plant acquisitions and projects that Chinese state-owned Citic Group will undertake will be made through United Envirotech Ltd (UEL) as its water treatment flagship platform.

There are no plans to inject any of Citic's current assets into UEL