15 May 2020

CITIC Envirotech Ltd.’s reduction of shares

Partners Danny Lim and Cynthia Wu from Rajah & Tann Singapore are advising CITIC Envirotech Ltd. in its selective capital reduction of shares subsequent to its delisting from the Main Board of the Singapore Exchange Securities Trading Limited in January 2020. Based on the offer price of S$0.55 per share, CITIC Envirotech group is valued at S$1.34 billion.