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

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.