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LKT's 28Jul11 announcement on investing in local water engineering and treatment company, WaterTech P/L, by taking up a 20% equity stake for approx. $2.06m via subscription of new shares.....
http://info.sgx.com/webcoranncatth.nsf/V...B0028E53D/$file/Investment_in_WaterTech_Pte_Ltd.pdf?openelement
More info on WaterTech....
http://www.watertech.biz/
Having reviewed the website, I get a feeling that WaterTech has a driven and passionate management team headed by William Ng and Liew Ming Choy. Read the following article on WaterTech written by SPRING Singapore to judge for yourself....
http://www.watertech.biz/pdf/springmay09.pdf
I suppose that could be the main reason behind LKT's decision to invest in this not exactly related business. Anyway, $2.06m is like a small potatoe when we compare it with LKT's financial capacity and resources.
http://info.sgx.com/webcoranncatth.nsf/V...B0028E53D/$file/Investment_in_WaterTech_Pte_Ltd.pdf?openelement
More info on WaterTech....
http://www.watertech.biz/
Having reviewed the website, I get a feeling that WaterTech has a driven and passionate management team headed by William Ng and Liew Ming Choy. Read the following article on WaterTech written by SPRING Singapore to judge for yourself....
http://www.watertech.biz/pdf/springmay09.pdf
I suppose that could be the main reason behind LKT's decision to invest in this not exactly related business. Anyway, $2.06m is like a small potatoe when we compare it with LKT's financial capacity and resources.