08-02-2011, 08:29 PM
United Envirotech Inks RMB280 million Wastewater Treatment and Recycling Projects
• Contracts involves acquiring, upgrading and operating a 80,000m3/day wastewater treatment plant and a 40,000m3/day wastewater recycling plant at Tangshan, Hebei Province
• Project to be completed by end of 31 December 2011 and positively impact FY2012 performance
• Group will continue to seek municipal and industrial projects to further enhance shareholder’s value
http://info.sgx.com/webcoranncatth.nsf/V...1002AD633/$file/UE.Press.Release.pdf?openelement [Press Release]
http://info.sgx.com/webcoranncatth.nsf/V...1002AD633/$file/UE.Wastewater.Treatment.and.Recycling.Project.pdf?openelement [SGX Announcement]
I believe it will be owned by a 50:50 JV company between United Envirotech and Memstar. This will increase the high-margin recurring treatment revenue stream to the Company. UEL recently reported a commendable $14.36 million net profit for 9M 11. At the moment, the bulk of its top-line comes from its EPC department.
(Not Vested)
• Contracts involves acquiring, upgrading and operating a 80,000m3/day wastewater treatment plant and a 40,000m3/day wastewater recycling plant at Tangshan, Hebei Province
• Project to be completed by end of 31 December 2011 and positively impact FY2012 performance
• Group will continue to seek municipal and industrial projects to further enhance shareholder’s value
http://info.sgx.com/webcoranncatth.nsf/V...1002AD633/$file/UE.Press.Release.pdf?openelement [Press Release]
http://info.sgx.com/webcoranncatth.nsf/V...1002AD633/$file/UE.Wastewater.Treatment.and.Recycling.Project.pdf?openelement [SGX Announcement]
I believe it will be owned by a 50:50 JV company between United Envirotech and Memstar. This will increase the high-margin recurring treatment revenue stream to the Company. UEL recently reported a commendable $14.36 million net profit for 9M 11. At the moment, the bulk of its top-line comes from its EPC department.
(Not Vested)