Leader Environmental Technologies Unit to Establish Joint Venture Company; Shares Surge Over 18%

MT Newswires

2025/12/24

Leader Environmental Technologies (SGX:LS9) through its subsidiary, United Greentech (Guangzhou), entered into a joint investment agreement with Yang Peng to establish a joint venture company, according to a Tuesday filing with the Singapore Exchange.

Shares of the environmental technology provider zoomed over 18% in Wednesday trading.

Under the agreement, United Greentech will hold a 51% stake in the JV, while Chengdu Zhanlan Future Environmental Protection, founded by Peng, will hold the remaining 49%.

The new company has an initial paid up capital of 10 million yuan and will focus on engineering, procurement and construction and operation and maintenance services to treat food waste and organic sludge.

Meanwhile, the company's initial investment in the JV will be carried out by raising proceeds from convertible bonds, the filing added.

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