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Leader Environmental Technologies sells stake in Jilin Anjie Environmental Engineering for RMB6.6 mil

Felicia Tan
Felicia Tan • 2 min read
Leader Environmental Technologies sells stake in Jilin Anjie Environmental Engineering for RMB6.6 mil
Upon the disposal, Leader Environmental Technologies will record a gain of RMB0.6 million in its books.
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Leader Environmental Technologies (SGX:LS9) has divested its full equity interest in Jilin Anjie Environmental Engineering to Gansu Zhengbo Stone for RMB6.6 million ($1.3 million).

A sale and purchase agreement (SPA) was entered into on Sept 21.

Jilin Anjie was incorporated in China on Nov 3, 2005, with a registered capital and paid-up capital of RMB160.0 million. It is mainly in the business of research and development, design, manufacture and installation of environmental protection systems and provision of technical consulting and support services of environmental protection technologies and systems.

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