CITIC Envirotech Ltd. (SGX:CEE) entered into agreement to acquire remaining 15% stake in United Envirotech Water (Changyi) Co. Ltd for CNY 32.5 million on January 4, 2018. Post transaction CITIC Envirotech Ltd. will own 100% stake in United Envirotech Water (Changyi) Co. Ltd. The transaction has no material effect on the net tangible assets per share or earnings per share of CITIC Envirotech Ltd. for the year ending December 31, 2018.