Clean Water takes over Sinomem for S$351m
Clean Water Investment, an affiliate of private equity firm CDH China Management, is to acquire Singapore-listed water treatment group Sinomem Technology Limited via a voluntary conditional cash transaction, according to a document sent to the Singapore Stock Exchange.
The firm has offered S$0.70 ($0.55) a share, equating to a 28.4% premium over the last traded price of S$0.54 ($0.43). The total transaction cost will be S$351million ($277.4 million) for all ordinary...
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