Leader Environmental Technologies sells AIWater shares for $67.9m

The shares will be sold to WJL Holding.

Leader Environmental Technologies (LET) has, through its wholly-owned subsidiary, United Greentech Holdings, entered into a conditional share sale and purchase agreement (SPA) to dispose all of its shares held in AIWater for $67.9m (RMB364m).

The shares, representing 70% of AIWater’s total share capital, will be sold to WJL Holding, which already holds the remaining 30% stake in the former.

LET also entered into another conditional share SPA to sell all its shares in UG Water for $1.12m (RMB6m). The shares represent a 50% stake in UG Water, which owns Xinwo AIWater (Hubei) Co., Ltd.

UG Water is a Singapore-incorporated investment holding company whilst Xinwo AI is a Chinese-incorporated mainly in the business of wastewater treatment plant management.

($1=RMB0.64)

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia