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
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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 for now, Citic Environment Investment's president Webber Hao told reporters in an interview on Wednesday, though the group is not ruling out the option.
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