Private equity company Kohlberg Kravis Roberts & Co. To the water treatment and
regeneration solution provider joint environmental technology Co., Ltd. (United Envirotech Ltd.)
issued a convertible bond investment of us $113.8 million.
According to the World Bank, World Bank) the latest statistics show that China's per capita water KKR investment convertible bond coupon rate was 2.5%, the time limit for 5 years,
resources shortage a third of the World average level.
about corporate governance standards, common in Singapore and the United States listed
Chinese companies stock prices declined. Private equity company has been looking for in
share price fell whirlpool company.
can a 45 Singapore points price converted into equity. The two companies are expected to
complete the transaction before the end of the year, the trade is yet to be
approved by the shareholders joint environment.
After the statement on Monday, the stock rose 13%, to $39.5 Singapore points ($32.8).
Overseas Chinese bank Investment Research (OCBC Investment Research) analysts Carey Wong said,
capital increase will make joint environment in and greater competition in the opponent
in a more advantageous position.
The Chinese companies listed in Singapore for the municipal and industrial wastewater treatment
project provides the service, and in the operation of China's water treatment plant.
The two companies said in a statement, KKR investment will support joint environment in China's
rapid development of the water treatment industry to realize expansion. Integrated environmental
chairman and chief executive said, in China sewage treatment industry development
important period, KKR investment will enable us to carry out further development.