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Revisions

ecoWise disposes 15% stake in Chongqing JVCo.

PC Lee Published on Wed, Mar 15, 2017 / 6:59 PM GMT+8

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SINGAPORE (March 15): ecoWise Holdings is disposing its 15% equity interest in JVCo. Chongqing Zhongtian Electronic Waste Management Co. (CZEW) for RMB5 million ($1 million).

The purchaser is JV partner Zhongtian Environment Protection Industrial Group Co. which holds the other 85% equity interest in CZEW.

ecoWise will record a the net loss of $16,393 from the disposal.

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