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Sichuan Hebang Corp Ltd updates on equity acquisition

Thursday, 28 Nov 2013 07:00pm EST 

Sichuan Hebang Corp Ltd:Says it will issue 55.57 million new common shares for 14.66 yuan per share to Sichuan salt Industry Corporation for acquisition of a 51 pct stake in a Sichuan-based company engaged in N-(Phosphonomethyl) iminodiacetic acid (PMIDA) business.Says the company will hold a 100 pct stake in the Sichuan-based company after the acquisition. 

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