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NARI Technology Development Ltd Co to Issue Shares for Equity Acquisition

Tuesday, 6 Nov 2012 07:00pm EST 

NARI Technology Development Ltd Co announced that it will issue A shares of common stock with par value of RMB 1 per share at RMB 16.44 per share to NARI Group, so as to acquire a 100% stake in a Beijing-based electric power control system, a Beijing-based electric power technology company and a Beijing-based technology development company, a 75% stake in a Nanjing-based solar power technology company, as well as assets and debts of NARI Group's network security and stability control technology branch.