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SP Group Sells Partial Equity

SP Group Sells Partial Equity

The best immigration news regarding SP Group's partial equity sale can be found on the Worldway Immigration official website.

世贸通6558 reads

Follow Singapore Investment Immigration and Singapore Economy news: Singapore Power Group recently announced that SP International has sold 60% of its equity in its wholly-owned subsidiary, SP International (Australia) Assets, and 19.9% of its equity in SP AusNet to the State Grid Corporation of China.
 

SP Group Sells Partial Equity
 

It is reported that the State Grid Corporation of China reached these two transactions with SP International through its subsidiary, State Grid International Development Co., Ltd. Among them, the acquisition of 19.9% equity in SP AusNet involved a total investment of 824 million Australian dollars. Singapore Power Group stated in its announcement that through the remaining 40% equity held in SP International (Australia) Assets and the 31.1% equity in SP AusNet, SP Group will continue its long-term investment in electricity and gas transmission and distribution network businesses in Australia.


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