A different ballgame for United Envirotech?

NEWS of the intended acquisition of United Envirotech by Chinese conglomerate Citic has created excitement in the company, the market's reason being that United Envirotech stands a chance of joining the league of SIIC Environment Holdings (formerly Asia Water Technology) and China Everbright Water (formerly HanKore Environment Tech Group) - two Singapore-listed wastewater treatment companies with the backing of a Chinese state-owned firm.

Being backed by a state-owned conglomerate offers the opportunity for United Envirotech to penetrate China's burgeoning wastewater treatment sector. And investors hoping for a breakthrough for United Envirotech might be drawing parallels with Shanghai Industrial...

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