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)
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.
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)
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0.57 HKD | 0.00% | +1.79% | 1.9B | ||
256.9 PTS | +1.77% | +4.27% | - | ||
3,263 PTS | +0.79% | +2.24% | - | ||