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Hangzhou Jiebai Group Co Ltd Announces Change of Details of Share Acquisition; Announces Changes in Shareholding Structure

Monday, 29 Jul 2013 08:00pm EDT 

Hangzhou Jiebai Group Co Ltd announced that it will issue 399,751,671 A shares with par value RMB 1 at RMB 5.79 per share, to fully acquire a Hangzhou-based investment company, valued at RMB 2,314,562,180, from a Hangzhou-based tourism group company. As a result, the Hangzhou-based tourism group company will increase its stake in the Company from 0% to 46.59% (399,751,671 shares), and a Hangzhou-based asset company will have its stake decreased in the Company from 29.24% (90,760,425 shares) to 10.58% (90,760,425 shares). 

Company Quote

-0.16 -2.16%
28 Aug 2014