Orient Group plans to buy 25% stake in United Energy
13/12/2022 12:28
HONG KONG, Dec 13 (Reuters) - Chinese conglomerate
Orient Group Inc's 600811.SS 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)
((meg.shen@thomsonreuters.com; 852-39525805;))
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