Advanced SCT: To resume trading at 9am today. Grp announced acquisition of 2 wastewater treatment plants and a sludge treatment plant in China. Aggregate consideration of plants was at an aggregate of $9.8m, representing a 7% discount from an independent valuation. Sale and purchase agreement will be carried out by wholly-owned subsidiary Green World holdings, which will pay $5.5m in cash and the remaining $4.3m, will be satisfied by shares of the company…..
Diversification forms an important part of grp to reposition itself as a global recycling and wastes treatment expert and adds to grp’s competency in recycling and wastes management.
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