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 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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Singapore shares open in the red on Tuesday; STI down 0.3%
Huawei’s pivotal role in the US-China tech war, from 5G to chips
CDL Hospitality Trusts reports 6.8% higher Q1 net property income of S$34.9 million
Starhill Global Reit posts 0.9% lower Q3 net property income of S$37.7 million
Binance and CZ ’s fortunes are set to grow, jail or no jail
Stocks to watch: Wilmar, MLT, FEHT, CDLHT, Starhill Global Reit, IReit Global