Zheneng Jinjiang Environment Closes in on Privatization; Shares Up 3%
MT Newswires11-06 11:49
Zheneng Jinjiang Environment (SGX:BWM) proposed privatization by Jieneng Investment (Hong Kong) has satisfied its antitrust condition after China's State Administration for Market Regulation decided not to conduct a further review, according to a Friday filing with the Singapore Exchange.
The regulator's decision was received on Oct. 29, with the scheme of arrangement implemented on the same date.
Shares of the waste energy company were up nearly 3% in Friday trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.