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Far East Cable to acquire 51 pct stake in Shanghai-based electric power engineering company


Tuesday, 24 Jun 2014 08:00pm EDT 

Far East Cable Co Ltd:To acquire 51 pct stake in Shanghai-based electric power engineering company (target company), which is mainly engaged in project management, development and sales of computer software, engineering equipment and materials, as well as investment management and import and export business.Transaction price of 179,850,000 yuan.To hold a 51 pct stake in the target company, after the transaction. 

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