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China Everbright Water ( (SG:U9E) ) has issued an update.
China Everbright Water Limited has formed a joint venture with its controlling shareholder Everbright Environment and several of its subsidiaries, including Everbright Equipment, Everbright Greentech, Everbright Environmental Protection, and Everbright Envirotech. The joint venture, with a total registered capital of RMB 50,000,000, aims to strengthen the company’s position in the environmental services sector. The formation of this joint venture is categorized as a connected transaction under the SEHK Listing Rules but does not require independent shareholders’ approval due to its percentage ratio.
More about China Everbright Water
China Everbright Water Limited, incorporated in Bermuda, is a company focused on environmental protection and water management services. It operates in the industry of environmental services, with a particular emphasis on water treatment and management solutions across various regions.
YTD Price Performance: 0.56%
Average Trading Volume: 630
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $512.6M
Find detailed analytics on U9E stock on TipRanks’ Stock Analysis page.
