United Enviro takes 49% stake in Sichuan JV
Partnership with Chengdu Xingrong
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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.
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