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Guangdong Yihua Timber Industry Co Ltd Announces Updates on Equity Shares Acquisition


Friday, 12 Jul 2013 08:00pm EDT 

Guangdong Yihua Timber Industry Co., Ltd announced that its equity shares plan to acquire an 82.5 % stake in a wood industrial company, a 100% stake in a forest development and export company, a wood trading export company and a logging industry company, an 87.25% stake in a forest industry export company, and a 75.1% stake in tropical forest product company, from China Forestry Group Corporation, a Virgin Islands-based forest development company, Yang Jianxiong, Cai Jiaguo and Wu Liqing, which was announced on June 6, 2012 and April 11, 2013, is expected to be completed by the end of August 2013. 

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