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Provider: Thomson Reuters Stock Report
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Provider: Wright Reports
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Provider: Reuters Investment Profile
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Provider: Wright Reports
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$127.00
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Shandong Hi-speed Co Ltd and Subsidiary to Acquire Equity Shares
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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