Utd Enviro Tech: Annouced that it has boost its China presence with 40% stake in Maxrise Envirogroup for Rmb100m. Maxrise holds equity interests in 4 wastewater treatment plants with capacity of 170,000 m3/day. Acquisition presents opportunities for Group to expand its portfolio of water treatment plants and to establish presence in new geographical regions in China.
Assuming that the acquisition was completed on Grp’s financial year end 31 March FY11, the NTA per share for FY2011 will stand at 29.45c vs 29.15c registered before the acquisition.
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