C&G Environmental

C&G Environmental Protection: Company received a clearance from SGX to send a circular to shareholders in relation to its sale of main waste-to-energy (WTE) business and assets in China in a deal valued at Rmb1.85b ($390m) to Shanghai-listed Grandblue Environment. The draft circular to SGX included the proposed distribution of part of the net proceeds from the sale by way of a special dividend of up to Rmb660m (translates to $0.137/share).