Singapore-listed Chinese water treatment company SIIC Environment will raise SGD260.2 million (approximately US$208.9 million) by selling new shares to Asia-focused private equity firm RRJ Capital, investment services institution CCB International (CCBI) and China sovereign wealth fund China Investment Corporation (CIC). SIIC will sell 3.1 billion ordinary shares at SGD0.09 (approximately US$0.07) per share, representing a 13 percent discount to the average price on 10 October. CIC will invest SGD56.1 million (approximately US$45 million) for a 7.7 percent stake, RRJ Capital will invest SGD38.3 million (approximately US$30.8 million) for a 5.2 percent stake through its RRJ Capital Master Fund II and CCBI will invest SGD20.4 million (approximately US$ 16.4 million) for a 2.8 percent stake through its Chengtou Cleantech Equity Investment Fund.