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Provider: Thomson Reuters Stock Report
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Provider: Thomson Reuters Stock Report
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Beijing Cuiwei Tower Co Ltd announces details of share issuance plan to acquire stake


Monday, 3 Mar 2014 07:00pm EST 

Beijing Cuiwei Tower Co Ltd:To issue 153,700,000 shares at 13.68 yuan per share and pay cash of 365,699,600 yuan, in exchange for 100 pct stake in two Beijing-based companies which operate department stores, from Beijing Haidian District State-owned Assets Operation Co.Transaction price is 2,468,315,600 yuan.Beijing Haidian District State-owned Assets Operation Co. and concerted action person will hold 70.02 pct stake (323,276,900 shares) in the company up from 55.06 pct (169,576,900 shares). 

Company Quote

11.06
-0.09 -0.81%
19 Dec 2014