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Baoding Tianwei Baobian Electric Co Ltd Announces Asset Swap with Baoding Tianwei Group Co., Ltd.

Wednesday, 9 Oct 2013 08:00pm EDT 

Baoding Tianwei Baobian Electric Co Ltd announced that it will transfer 100% stake in three Baoding-based companies and a Changchun-based company, in exchange for 100% stake in two other Baoding-based companies, 66% stake in a Baoding-based transformer company, 49% stake in a Baoding-based cooling equipment company, 39% stake in a Baoding-based electrical company and 10% stake in a power transmission and transformation equipment company as well as part of brands, patents, land rights and property rights held by its shareholder Baoding Tianwei Group Co., Ltd. The transaction price is valued at RMB 1,000,398,800. 

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