United Envirotech

United Envirotech, Ltd.
Traded as SGX: UENV
Industry
Founded 2003 (2003)
Founders
  • Lin Yucheng
  • Goh Ching Wah
Owners KKR (~30%, 2015)

United Envirotech, Ltd. (UE;[1] UEL)[2] is a Singapore-based company focused on environmental engineering and consulting solutions.[1] Founded in 2003 by Lin Yucheng and Goh Ching Wah,[1] the company went public in 2004 and is listed on the Singapore stock exchange (UENV) and traded in the United States and Germany.[3][4]

In 2014 and 2015, news reports indicated that investment firms CITIC Group and Kohlberg Kravis Roberts were jointly seeking to acquire a controlling interest in the company through a newly created joint venture company, tentatively named "CKM".[5][6]

Ownership

As of 2015, investment company Kohlberg Kravis Roberts owned about 30% of the company based on stock holdings.[6]

Corporate governance

As of 2015, the chairman and chief executive officer of the company was co-founder Lin Yucheng.[2]

Facilities

In 2015, UEL was reported to be constructing a 100,000 litre/day capacity industrial wastewater treatment facility to serve (and with investment from) a petrochemical industrial park situated at the start of the West–East Gas Pipeline in Luntai County, Xinjiang, China.[2]

References

  1. 1 2 3 Wong, Raymond Sin-Kwok, ed. (2008). Chinese Entrepreneurship in a Global Era. Chinese Worlds. Routledge. Lin Yucheng. ISBN 9781134043019 via Google Books.
  2. 1 2 3 Staff (7 Apr 2015). "UEL to build industrial wastewater treatment plant in China". Waste/Water Processing (reprint from Process. Mag.).
  3. Tan, Chwee Huat (2005). "11. The Capital Market". Financial Markets and Institutions in Singapore. NUS Press. p. 229. ISBN 9789971693145 via Google Books.
  4. "United Envirotech Ltd". Bloomberg Business. Bloomberg. Retrieved 7 Apr 2015.
  5. Koh, Joyce; Chan, Cathy (12 Nov 2014). "Citic, KKR Offer S$1.2 Billion to Purchase United Envirotech". Bloomberg News.
  6. 1 2 Venkat, P. R. (4 Mar 2015). "CITIC, KKR Make Formal Offer to Buy Shares of United Envirotech". Dow Jones Business News.
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