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Shandong Hi-speed Co Ltd and Subsidiary to Acquire Equity Shares

Thursday, 21 Mar 2013 08:00pm EDT 

Shandong Hi-speed Co Ltd announced that its wholly owned subsidiary, a Shandong-based investment development company, will acquire a 51% stake in a Zhangpu County-based tourism development company from Ji'nan-based industrial group for up to RMB 153 million. The Company will also directly acquire a 44.9% stake in a Yunnan-based industrial group and claims of RMB 417.30 million in the target company, or indirectly acquire the equity shares and claims through its subsidiary, from a Fujian-based industrial group, for up to RMB 685 million. 

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18 Sep 2014