Euro Tech Holdings Company (CLWT) Reports on Activities of Associated Companies and Update on Stock Buyback Plan
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Euro Tech Holdings Company Limited (Nasdaq: CLWT) announced that its associated company, Zhejiang Tianlan Desulfurization and Dust-Removal Co. Ltd. in Zhejiang, China has recently been awarded five contracts totally $7.2 million by various companies in China. The contracts cover design, manufacture, supply, and commissioning of desulphurization equipment for various applications.
The contracts are for fifteen FGD equipment, (Flue Gas Desulphurization equipment), for boilers ranging from 35 tons/hour to 75 tons/hour of steam for applications in paper and cogeneration (heat and power) plants in Zhejiang, Shandong and Hangzhou.
Euro Tech Holdings Company Limited has been actively repurchasing shares of its common stock under the stock buyback plan announced in November 2008. To date, Euro Tech has purchased approximately 254,000 shares under this plan and will continue to repurchase shares,.
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