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CITIC Envirotech gets 55 cents/share offer from parent to delist, saying it does not need to tap SGX for funds

PC Lee
PC Lee • 2 min read
CITIC Envirotech gets 55 cents/share offer from parent to delist, saying it does not need to tap SGX for funds
SINGAPORE (Nov 6): CITIC Envirotech has received an 55 cents per share offer from 56.4% owner CKM (Cayman) Company (CKM) to delist from the Singapore Exchange.
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SINGAPORE (Nov 6): CITIC Envirotech has received an 55 cents per share offer from 56.4% owner CKM (Cayman) Company (CKM) to delist from the Singapore Exchange.

The offer price also values the China-based water treatment company at $1.34 billion.

CKM is an investment holding company incorporated in the Cayman Islands and is an indirect wholly owned subsidiary of CITIC Environment Investment Group. CITIC Environment is in turn a member of the CITIC Group Corporation.

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