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Shanghai Material Trading announces stake change in subsidiary

Monday, 17 Mar 2014 08:00pm EDT 

Shanghai Material Trading Co Ltd:To acquire 0.33 pct stake in a Shanghai-based company which operates nonferrous metal trading center (target company), from a Shanghai-based logistics subsidiary, to hold 100 pct stake in the target company.Says Bailian Group and a Shanghai-based equity exchange company will invest 28 mln yuan and 7 mln yuan into the target company, together with investment by the company, to increase registered capital of the target company to 70 mln yuan from 30 mln yuan. 

Company Quote

0.33 +2.11%
2:59am EDT