Citic Envirotech on lookout for promising SMEs

WASTEWATER treatment provider Citic Envirotech Ltd (CEL) is on a roll, bolstered by plenty of opportunities in its existing China market even as it ventures abroad.

Mainboard-listed CEL announced in October its first investment in an accelerator programme. Under the programme, it has taken a 20 per cent stake in Century Water Systems & Technologies for S$1.73 million.

Headquartered in Singapore, Century is an advanced water treatment engineering firm that specialises in water purification nanofiltration, pervaporation membranes, and wastewater treatment systems and technologies.

With its extensive network, CEL will help Century sell its membranes in China, said Hao Weibao, CEL executive chairman and chief executive. "There are a …