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Bangladesh's Summit Group plans Singapore listing for power unit by April - Chairman [Reuters]

CITIGROUP (C)  More Company Research Source: Reuters
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PDF Bangladesh's Summit Group plans Singapore listing for power unit by April - Chairman | Reuters Reuters Staff 4 Min Read * Looks to invest billions over next five years * Building floating LNG regasification unit in Bangladesh * Looks to expand in Asia including Sri Lanka By Jessica Jaganathan SINGAPORE, Feb 23 (Reuters) - Electricity producer Summit Power International plans to list on the Singapore Stock Exchange (SGX) by April, what is likely the first company from Bangladesh to offer shares in the city-state, as it seeks to raise funds to invest in assets across Asia. Bangladesh’s economic growth soared by 7.28 percent in the financial year that ended in June 2017 and its population is expected to climb to over 185 million people by 2030. Together with Pakistan and India, the country is making South Asia a hotspot for liquefied natural gas (LNG) demand, attracting investment from gas producers and power plant builders after years of the country being considered an energy backwater. [Read more]

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