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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0.64 HKD | +12.28% | +12.28% | 2.13B | ||
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3,255 PTS | -0.26% | +0.52% | - | ||