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Baoding Tianwei Baobian Electric Co Ltd Announces Change in Shareholding Structure


Friday, 31 May 2013 08:00pm EDT 

Baoding Tianwei Baobian Electric Co Ltd announced that the Company's controlling shareholder, Tianwei Group, will transfer 352,000,000 shares of the Company, or a 25.64% stake, to its shareholder, China South Industries Group Corporation, for RMB 2.135 billion. After that, Tianwei Group's holdings in the Company will decrease from 51.3% to 25.66%. 

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