CITIC Envirotech invests $78.3 Million SIN in Chinese Environmental Firm


Investment holding company CITIC Envirotech said it will acquire 60 percent stake in environmental and utility firm CITIC Qingyuan for 378 million yuan (S$78.3 million). The acquisition of a fully-integrated project to provide water, wastewater treatment, steam and power generation is in line with the company's key strategic thrust to embark on the Circular Economy initiative, CITIC Envirotech said in a statement on Wednesday.