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Shanghai-listed firm to take stake in Zheneng Jinjiang, plans cash offer

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...

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