Zheneng Jinjiang Environment Holding (SGX:BWN
) (Zheneng Jinjiang) has announced that the company has been approached with regards to a “possible transaction” of involving its shares.
In a filing dated Feb 12, Zheneng Jinjiang’s board of directors said that the “possible transaction” is not definitive, which may or may not lead to a possible transaction.
The company emphasised that the board of directors has just made contact with the party that sent across the approach letter. However, no substantive discussion has been held between the board and the party.
Zheneng Jinjing further highlighted that both sides have not entered into any agreement for such a transaction and there is no certainty or assurance that any possible transaction will materialise from such discussions.
The company will make further announcements as appropriate if there are any material developments.
As at 9.50am, shares in Zheneng Jinjiang were up 1 cent, or 1.7% higher at 59.5 cents.
