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Oei Hong Leong taking stake in United Envirotech

UNITED Envirotech, a water and wastewater treatment and reclamation solution provider in China, is raising $13.9 million through the issue of 66.27 million new shares at 21 cents each. And the proposed subscribers are Oei Hong Leong Foundation and Novena Holdings. OHLF, a private investment firm controlled by tycoon Oei Hong Leong, has a 30.25 per cent stake in Novena Holdings as at April 23.