United Enviro takes 49% stake in Sichuan JV

Singapore

UNITED Envirotech continued to reap the reward of its new membrane-making business with a partial stake in an initial 1.5 billion yuan (S$300 million) pro-ject in western China, the water-treatment specialist said.

United Envirotech will take 49 per cent of a new joint venture in Sichuan, with Chengdu Xingrong Investment Co taking the remaining 51 per cent. The partnership will have an initial paid-up capital of 50 million yuan.