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Sanli Environmental Ltd. ( (SG:1E3) ) has shared an update.
Sanli Environmental’s subsidiary Sanli M&E Engineering Pte. Ltd. has formed a 50:50 unincorporated joint venture with Shanghai Tunnel Engineering Co (Singapore) Pte. Ltd. to execute subcontract works for the Changi NEWater Factory 3 project awarded by PUB. Under the arrangement, Sanli M&E will handle mechanical, electrical, instrumentation, control and automation works, structural steelworks and the building management system, while STECS will take charge of civil, structural, architectural, structural steelworks and external works including building services, a division of responsibilities that allows Sanli to leverage STECS’s civil-engineering capabilities while strengthening its position in Singapore’s water infrastructure build-out.
More about Sanli Environmental Ltd.
Sanli Environmental Limited, through its wholly owned subsidiary Sanli M&E Engineering Pte. Ltd., operates in the environmental engineering sector, focusing on mechanical, electrical, and process engineering solutions for water and wastewater infrastructure in Singapore. The Group typically serves public-sector clients such as PUB, Singapore’s National Water Agency, undertaking design, construction and systems integration work for treatment plants and related facilities.
Average Trading Volume: 2,397,611
Technical Sentiment Signal: Buy
Current Market Cap: S$104.4M
For a thorough assessment of 1E3 stock, go to TipRanks’ Stock Analysis page.