Tuesday, Apr 28, 2015Tuesday, Apr 28, 2015

Singapore's United Envirotech says in talks with potential buyer

Published on Jul 2, 2014 2:34 PM

SINGAPORE (Reuters) - United Envirotech, a Singapore-based water treatment company, said on Wednesday it was in talks with a potential buyer, but did not give any details.

United Envirotech has a market capitalisation of about US$1 billion (S$1.25 billion). KKR China Water Investment Holdings is its biggest shareholder.

Companies listed on the Singapore exchange have become takeover targets recently, with the total size of these deals so far this year reaching a record US$13 billion.

Companies that are in discussion with potential buyers include STATS ChipPac, a semiconductor firm controlled by Singapore's state investor Temasek Holdings.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!