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Shanghai-listed firm to take stake in Zheneng Jinjiang, plans cash offer
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Published Tue, Oct 13, 2020 · 09:50 PM
Singapore
SHANGHAI-listed thermal power generation firm Zhejiang Zheneng Electric Power's (ZZEP) is looking to buy a stake in Singapore-listed waste-to-energy plant operator Zheneng Jinjiang Environment (ZJE).
ZZEP intends to buy 372.6 million ZJE shares for S$289.9 million, or about S$0.7781 per share.
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