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Luzhou Lao Jiao Co Ltd to Transfer Shares of Two Subsidiaries


Monday, 1 Apr 2013 08:00pm EDT 

Luzhou Lao Jiao Co Ltd announced that it has decided to transfer a 51% stake in a wine subsidiary to another shareholder of the subsidiary, for RMB 8,307,800 to a Sichuan-based company. The Company has also decided to transfer a 51% stake in another wine subsidiary to a shareholder of the subsidiary, for RMB 2,679,900, to a Luzhou-based company. After the transaction, the Company will hold no stakes in the two subsidiaries. 

Company Quote

17.72
0.05 +0.28%
18 Apr 2014