Sept 29 (Reuters) - Major Chinese-state backed electricity supplier Zhejiang Group on Tuesday offered to privatise Singapore-listed Zheneng Jinjiang Environment ZHEN.SI at a valuation of S$1.00 billion ($782.17 million).
The cash consideration of S$0.70 per share represents a 29.6% premium to Zheneng's last close on September 24.
($1 = 1.2785 Singapore dollars)
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