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Provider: Wright Reports

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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

-0.3 -3.24%
19 Dec 2014