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Xinjiang Guannong Fruit & Antler (Group) Co Ltd to Divest Holdings in Real States Development Company


Thursday, 11 Jul 2013 08:00pm EDT 

Xinjiang Guannong Fruit & Antler (Group) Co Ltd announced that it plans to transfer a 100% stake in a Xinjiang-based real states development company to a Xinjiang-based investment company (Luyuan Investment) for RMB 75.50 million. The Company's wholly owned subsidiary, a Xinjiang-based sugar industry company, will also transfer its interest in a residential project to Luyuan Investment for RMB 3.04 million. 

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