Tuesday, July 26, 2011
Ecowise: Lifts trading halt. Invests GBP2.0m for 20% of JV venture capital co, China-UK Low Carbon Enterprise Co (CULCEC). Other 51% is held by a Chinese state-owned enterprise and remaining 29% by Carbon Trust Intl. Co also signs a collaboration agreement on the dev of a Cleantech Incubation and Venture Capital Mgmt System & Process in Southeast Asia which will select and develop cleantech cos in SEA. This collaboration and investment is co’s first foray into venture capitalist space although still within core environmental business.