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Press Release

Morgan Lewis Advises CITIC on Voluntary Delisting and Exit Offer

December 02, 2019

SINGAPORE, December 2, 2019: Morgan Lewis is advising Singapore Mainboard-listed CITIC Envirotech Ltd. in its voluntary delisting and proposed exit offer by CKM (Cayman) Co. Ltd., a wholly owned subsidiary of CITIC Environment Investment Group.

The exit offer values CITIC Envirotech at 1.34 billion Singapore dollars (approximately $990 million).

CITIC Envirotech is an environmental protection solutions provider primarily engaged in environmental services, including engineering, investment in water assets, river restoration, wastewater treatment and water recycling, hazardous waste treatment, maintenance services, and membrane manufacturing.

Partner Bernard Lui is leading the team advising CITIC. He is assisted by Chrystle Kuek and Aden Tan.

See the CITIC’s announcement on the transaction.