Leader Environmental and Innovamem form JV for membrane manufacturing

Both firms will hold a 50% equity stake in the JV.

Leader Environmental Technologies Limited, through its subsidiary NTi Memtech, has entered into a joint venture agreement with Innovamem Holdings to establish a membrane manufacturing business.

The parties will each have a 50% stake in the joint venture called NTi Technology Pte. Ltd. (NTi Tech).

Each party will contribute $2m to NTi Tech as working capital.

The transaction will not have any material impact on the net tangible assets per share and earnings per share of the company for the current financial year.

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