In December, CITIC Envirotech sold 83.2 million shares to new partners who were willing to pay 85 cents for each share or at a 14.8% premium.
SINGAPORE (Jan 9): UOB Kay Hian expects CITIC Envirotech's recent share placement to help secure the multiple mega projects management is bidding for.
"We believe CITIC Envirotech can deliver at least another $1 billion in project wins in 2018, sustaining its project wins momentum," says lead analyst Edison Chen in a Tuesday report.
