The Business Times

Companies & Markets

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Citic Envirotech parent to offer S$0.55 a share to take company private

Annabeth Leow

Annabeth Leow

Published Wed, Nov 6, 2019 · 09:50 PM
Share this article.

Singapore

THE majority owner of mainboard-listed Citic Envirotech plans to take the water treatment company private in a deal valuing it at S$1.34 billion, according to a pre-conditional exit offer launched on Wednesday.

Citic Group Corp's Citic Environment Investment Group is dangling S$0.55 in cash for each share, through CKM (Cayman) Company.

It noted that the price tag marks a premium of about 68.5…

KEYWORDS IN THIS ARTICLE

Privatisation

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here