United Environment Co., Ltd. announced that it will raise CNY 264.9 million in an equity round of funding on January 9, 2013. The transaction will see participation from existing investors SIIC Environment Holdings Ltd. and a local government linked agency. The company will receive funds in two equal tranches. SIIC Environment Holdings Ltd., through its subsidaries, S.I. United Water Holdings Limited and Hong Kong Jinhaide Holdings Limited will invest CNY 200 million in the transaction.

On the same day, the company closed first tranche of the transaction. The company expects to close second tranche within two years. SIIC Environment Holdings Ltd. invested CNY 100 million in first tranche.