United Envirotech

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]

United Envirotech, Ltd.
SGX: UENV
Industry
Founded2003 (2003)
Founders
  • Lin Yucheng
  • Goh Ching Wah
OwnersKKR (~30%, 2015)
WebsiteUnitedEnvirotech.com

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]

As of 2023, its website stated that its major shareholders were CITIC Environment Investment Co Ltd, and China Reform Fund Envirotech Co., Ltd.[7]

Corporate governance

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

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. Wong, Raymond Sin-Kwok, ed. (2008). Chinese Entrepreneurship in a Global Era. Chinese Worlds. Routledge. Lin Yucheng. ISBN 9781134043019 – via Google Books.
  2. 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. Venkat, P. R. (4 Mar 2015). "CITIC, KKR Make Formal Offer to Buy Shares of United Envirotech". Dow Jones Business News.
  7. "Corporate Profile". United Envirotech. Retrieved 26 January 2023.
  8. "Board of Directors". United Envirotech. Retrieved 26 January 2023.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.