Euro Tech Holdings (CLWT) Subsidiary Gets $1.6 Million Wastewater Contract

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09:40:58 am on April 15, 2010

About a week ago Euro Tech Holdings (CLWT) announced that its Shanghai Euro Tech Environmental subsidiary was awarded a $3.2 million wastewater contract from a petrochemical industrial park.  The stock gapped up in the morning, but eventually gave the gains back.  This morning CLWT is moving a bit once again on news its PACT Environmental subsidiary (of which it owns 53%) has won a $1.6 million wastewater contract with a US company in the poultry business in China.  They will design, install and commission a 4.3K cubic meter/day water treatment system in Jiangsu, China.

Shares of CLWT are up nearly 5% today and bouncing off support of the 50 day moving average.

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