United Envirotech
 | This article needs to be updated. (January 2023) |
| SGX: UENV | |
| Industry | |
| Founded | 2003 |
| Founders |
|
| Owners | KKR (~30%, 2015) |
| Website | UnitedEnvirotech.com |
United Envirotech, Ltd. (UE;[1] UEL)[2] is a company focused on environmental engineering and consulting.[1] Founded in 2003 by Lin Yucheng and Goh Ching Wah,[1] the company went public in 2004 and has been 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
[edit]As of 2015[update], investment company Kohlberg Kravis Roberts owned about 30% of the company based on stock holdings.[6]
As of 2023[update], its website stated that its major shareholders were CITIC Environment Investment Co Ltd, and China Reform Fund Envirotech Co., Ltd.[7]
Corporate governance
[edit]As of 2015, the chairman and chief executive officer of the company was co-founder Lin Yucheng.[2]
According to its website in 2023, its executive chairman was Sun Lei.[8]
Facilities
[edit]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
[edit]- ^ a b c Wong, Raymond Sin-Kwok, ed. (2008). Chinese Entrepreneurship in a Global Era. Chinese Worlds. Routledge. Lin Yucheng. ISBN 9781134043019 – via Google Books.
- ^ a b c Staff (7 Apr 2015). "UEL to build industrial wastewater treatment plant in China". Waste/Water Processing (reprint from Process. Mag.).
- ^ Tan, Chwee Huat (2005). "11. The Capital Market". Financial Markets and Institutions in Singapore. NUS Press. p. 229. ISBN 9789971693145 – via Google Books.
- ^ "United Envirotech Ltd". Bloomberg Business. Bloomberg. Retrieved 7 Apr 2015.[dead link]
- ^ Koh, Joyce; Chan, Cathy (12 Nov 2014). "Citic, KKR Offer S$1.2 Billion to Purchase United Envirotech". Bloomberg News.
- ^ a b Venkat, P. R. (4 Mar 2015). "CITIC, KKR Make Formal Offer to Buy Shares of United Envirotech". Dow Jones Business News.
- ^ "Corporate Profile". United Envirotech. Retrieved 26 January 2023.
- ^ "Board of Directors". United Envirotech. Retrieved 26 January 2023.
External links
[edit]- UnitedEnvirotech.com – official website
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