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    EWINT   MYL5283OO006

ECO WORLD INTERNATIONAL BERHAD

(EWINT)
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Eco World International : and Solvay reach mutually agreeable settlement and patent agreement

06/03/2021 | 11:05am EDT

Princeton- Eco World Research and Development Group, LLC ('Eco World') and Solvay USA, Inc. ('Solvay') announced today that the companies have entered into a mutually agreeable settlement and multi-year United States patent license agreement. The agreement relates to enhanced fertilizer technologies containing dimethyl sulfoxide ('DMSO'), urease inhibitors, and nitrification inhibitors. The agreement provides Solvay a license to a portfolio of World Source Enterprises, LLC patents, controlled by Eco World.

The remaining terms of the agreement are confidential.

Media relations

Nathalie van Ypersele

Head of Communications

Tel.: +32 478 20 10 62

Nathalie van Ypersele General Manager Communication

Brian Carroll

Head of External Communications

https://www.linkedin.com/in/bricarroll/

Tel.: +32 471 70 54 72

Brian Carroll

Peter Boelaert

Media Relationship Manager

https://www.linkedin.com/in/peter-boelaert-88757b19/

Tel.: +32 479 30 91 59

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ECO WORLD INTERNATIONAL BERHAD -1.04% 0.475 End-of-day quote.6.74%
SOLVAY SA 0.05% 106.55 Real-time Quote.9.98%
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Financials
Sales 2021 574 M 137 M 137 M
Net income 2021 119 M 28,3 M 28,3 M
Net Debt 2021 605 M 144 M 144 M
P/E ratio 2021 9,60x
Yield 2021 12,8%
Capitalization 1 140 M 272 M 272 M
EV / Sales 2021 3,04x
EV / Sales 2022 10,2x
Nbr of Employees 216
Free-Float 18,9%
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Technical analysis trends ECO WORLD INTERNATIONAL BERHAD
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 2
Last Close Price 0,48 MYR
Average target price 0,52 MYR
Spread / Average Target 9,47%
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Managers and Directors
Leong Seng Teow President, CEO & Executive Director
Swee Peng Tan Chief Financial Officer
Azlan bin Mohammed Zainol Non-Executive Chairman
Cheng Yong Tan Head-Global Development Operations
Khim Wah Chang Non-Independent Non-Executive Director
Sector and Competitors