Orient Group's unit will set up an overseas special purpose vehicle (SPV) for the planned acquisition, it said in a filing posted on the Shanghai stock exchange.
(Reporting by Meg Shen)
Orient Group plans to buy 25% stake in United Energy
December 13, 2022 at 10:41 am EST
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HONG KONG (Reuters) - Chinese conglomerate Orient Group Inc's unit planned to buy 25 percent stake in United Energy Group Ltd for $722.9 million, Orient said in a filing on Tuesday.
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