On June 8, LET announced that it was planning to expand into the treatment of municipal sludge, industrial wastewater treatment and production of equipment widely used in water and sludge treatment.
It said:"The company intends to move to a high-tech oriented business to differentiate itself from other environmental protection companies. In this regard, it intends to focus on municipal sludge treatment and disposal, and industrial waste-water treatment based on high-end membrane technologies. It also intends to position the group as a premier integrated environmental services provider, particularly in China, offering a full spectrum of services including technical consulting, system integration, equipment and product supply, project investment, engineering design procurement and construction and operational and maintenance."
LET has raised net proceeds of approximately S$8.7 million from the rights issue, which will go towards investment and/or merger and acquisition opportunities in these areas.Following the allotment and issuance of the 589.8 million rights shares, LET's share capital has increased from 737.2 million shares to 1.3 billion shares.BT is now on Telegram!
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Source: ChannelNewsAsia - 🏆 6. / 66 Read more »