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C&G shares up 25% on back of proposed reverse takeover

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Published Fri, Dec 29, 2017 · 09:50 PM
Price spike

Singapore

MAINBOARD-LISTED C&G Environmental Protection Holdings' move to enter into a proposed reverse takeover (RTO) deal with India's Sainik-Aryan Group pushed its shares up on Friday.

The family-backed Sainik-Aryan Group is seeking a backdoor listing for some Indonesian coal mining assets through the proposed RTO.

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