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An update from Leader Environmental Technologies Ltd. ( (SG:LS9) ) is now available.
Leader Environmental Technologies Ltd., via its wholly owned subsidiary United Greentech (Guangzhou) Co., Ltd., has entered into a joint investment agreement with environmental entrepreneur Yang Peng to establish a new joint venture company focused on treating food waste and organic sludge. United Greentech will hold a 51% stake in the venture, while Chengdu Zhanlan Future Environmental Protection Co. Ltd., founded by Yang Peng, will hold the remaining 49%, with an initial paid-up capital of RMB10 million; the JV will provide EPC and O&M services, positioning Leader to expand its presence in China’s organic waste and sludge treatment market by leveraging Yang Peng’s 15-plus years of industry experience and technical background in environmental engineering.
The most recent analyst rating on (SG:LS9) stock is a Hold with a S$0.02 price target. To see the full list of analyst forecasts on Leader Environmental Technologies Ltd. stock, see the SG:LS9 Stock Forecast page.
More about Leader Environmental Technologies Ltd.
Leader Environmental Technologies Ltd., incorporated in Singapore, operates through its subsidiaries in the environmental sector, focusing on engineering solutions and services for waste and pollution treatment in China. Its primary activities include providing Engineering, Procurement and Construction (EPC) and Operation and Maintenance (O&M) services, targeting industrial and municipal clients seeking sustainable waste and sludge management solutions.
Average Trading Volume: 905,716
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$33.77M
For an in-depth examination of LS9 stock, go to TipRanks’ Overview page.