United Envirotech

United Envirotech: (The Edge) Guns for bigger, more steady jobs with KKR backing. With a 16.6% stake in the co., KKR could increase its stake to 45.2% if it converts the entire US$113.8m worth of bonds which it bought from United Enviortech in 2011. Grp is now gunning for large scale EPC projects and more BOT (Build operate and transfers) and TOT (Transfer operate transfer) projects which could generate more recurring income, with its much stronger capital, as contributions from EPC projects tends to be lumpy, while BOT and TOT is more stable. Add that business outlook in china are looking better then ever bf, with the central govt determined to reduce pollutions. Grp intends to pay more attention to industrial parks, which faces strict regulations on waste discharge, as local environmental protection agencies are quite active and enforcement has gone up. The edge that UEL gets over its peers is the advanced use of membrane technology, which the Chinese govt also advocates for treating water.