Key Developments: Euro Tech Holdings Company Ltd (CLWT.PH)
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2 Jan 2013
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Latest Key Developments (Source: Significant Developments)
Euro Tech Holdings Co Ltd's Subsidiary Receives Contracts
Euro Tech Holdings Co Ltd announced that its subsidiary, PACT Environmental Technology Company Ltd. has been awarded three contracts worth about USD2.3 million from a company in Shanghai, China and two foreign companies outside China. These contracts which cover design, supply, installation and commissioning of a 350 cubic meters per day wastewater treatment system for a Korean cosmetic company in Shanghai, China, a 12 cubic meters per hour Demineralized Water Treatment Package used in a liquefied natural gas (LNG) project for a Malaysian company in oil and gas industry, and an extension of a wastewater treatment contract for an Aluminum Rolling Mill in Saudi Arabia. Full Article
Euro Tech Holdings Announces Change Of Auditors
Euro Tech Holdings announced that on February 8, 2012 the Company engaged Dominic K.F. Chan & Co. (DKFC), as its independent registered public accounting firm, replacing BDO Limited of Hong Kong (BDO Hong Kong), which resigned on February 8, 2012. Full Article
Euro Tech Holdings' PACT Environmental Technology Company Ltd. Secures Contract
Euro Tech Holdings announced that its subsidiary, PACT Environmental Technology Company Ltd. ("PACT") has recently been awarded a contract by an International Engineering company worth about US$2.4 million. This contract, which covers design, supply, supervision of the installation and the commissioning of an industrial wastewater treatment system in an Aluminum Rolling Mill in Saudi Arabia, will be completed in May, 2012. About 1600 cubic meters of wastewater per day will be treated and then utilized for irrigation purposes. Full Article
Euro Tech Holdings Announces Stock Buyback
Euro Tech Holdings announced that the Board of Directors has approved to renew its stock buyback program to repurchase up to 300,000 shares of its issued and outstanding stock announced on August 2, 2010 for another year. Under the original program, which will expire on August 2, 2011, the Company repurchased out of the market a total of 94,641 shares. The Company will repurchase the stock in the open market from time to time based on market and business conditions when it is to the advantage of long-term shareholders. Full Article

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