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Zhejiang Provincial Energy Group offered to take the Singapore-listed waste-to-energy firm private at S$0.70 per share, valuing it at about S$1.0 billion ($782 million), a 29.6% premium to Sept 24 close.
Zheneng Jinjiang Environment's SGX:BWM top shareholder, Zhejiang Provincial Energy Group, offered on Tuesday to take the Singapore-listed waste-to-energy firm private in a deal valuing it at about S$1.0 billion ($782 million).The offer of S$0.70 per share in cash represents a 29.6% premium to Zhene…
Zhejiang Group offered S$0.70 per share, a 29.6% premium to Zheneng's last close on Sept. 24.
Major Chinese-state backed electricity supplier Zhejiang Group on Tuesday offered to privatise Singapore-listed Zheneng Jinjiang Environment SGX:BWM at a valuation of S$1.00 billion ($782.17 million).The cash consideration of S$0.70 per share represents a 29.6% premium to Zheneng's last close on S…