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Control of China Jinjiang to change after 1.6b yuan deal

Controlling shareholders selling stake in energy enterprise which owns 29.79% share of China Jinjiang

Vivienne Tay

Published Tue, Jun 11, 2019 · 09:50 PM

Singapore

THE controlling shareholders of China Jinjiang Environment Holding Company are selling their interests in China Green Energy, which owns a 29.79 per cent stake in China Jinjiang, for 1.6 billion yuan (S$322.3 million).

The purchasers are Zhejiang Energy International and Zheneng Capital Holdings Co, both controlled by Zhejiang Provincial Energy Group Co, a state-owned provincial energy enterprise.