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