CIC, RRJ back China water treatment firm SIIC Environment
Singapore-listed Chinese water treatment firm SIIC Environment will raise a total of S$260.2 million ($209 million) by selling new shares to investors including China Investment Corporation (CIC), RRJ Capital and CCBI International.
SIIC, a subsidiary of Hong Kong-listed Shanghai Industrial Holdings (SIHL), is selling 3.1 billion ordinary shares at S$0.085 apiece, representing 13% discount to the volume weighted average price on October...
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