Wednesday 6 July 2016

Stocks Picks : SIIC Environment shares up after enlarging stake in Henan company .


SINGAPORE (July 7): SIIC Environment shares gain up 1.6% to 64.5 cents at 11.28am.


This follows the environmental engineering company's Tuesday night announcement of an additional equity stake it has taken in a Chinese company.

SIIC Environment said in a Singapore Exchange filing it has spent around $45.6 million to raise its stake in an unnamed Chinese firm based in Henan Province that has just begun operating, to 75%.

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