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Provider: Thomson Reuters Stock Report

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Guangdong Weihua Corp to Transfer Stake in Subsidiary

Tuesday, 21 May 2013 08:00pm EDT 

Guangdong Weihua Corp announced that it has decided to transfer 4,500,000 shares (a 90% stake) of a Zengcheng-based subsidiary, which is engaged in manufacturing of medium density fiberboard (MDF), for RMB 72 million in total, including 3,825,000 (a 76.5% stake) for RMB 61.2 million to an individual, and 675,000 shares (a 13.5% stake) for RMB 10.8 million to another individual. 

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