Passenger Transportation, Ground & Sea

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Shanghai Haibo announces asset swap and private placement plan

Monday, 21 Jul 2014 08:00pm EDT

Shanghai Haibo Co Ltd:To divest seven companies stake and liabilities and issue about 317,691,773 shares at no less than 8.96 yuan per share, in exchange for 72.5455 pct stake in NGS Real Estate (target company A), from Bright Food (Group) Co., Ltd.To issue 34,495,655 shares to target company's other shareholders, in exchange for rest of stake in the target company A.To issue 209,615,962 shares to Shanghai-based asset management company, in exchange for 25 pct stake in target company's subsidiary, a real estate company (target company B).Says 100 pct stake of target company A valued at 7,746,199,000 yuan.Says 25 pct stake of target company B valued at 79,917,700 yuan.The asset and appraisal value at 2,773,000,500 yuan.To hold 100 pct stake in the target company A, after the transaction.To hold 100 pct stake in the target company B directly and indirectly, after the transaction.To issue 323,259,672 shares at 8.07 yuan per share through private placement, to raise up to 2,608,705,558 yuan for proposed construction projects.

PT Express Transindo Utama Tbk to acquire additional buses and taxi units-Investor Daily

Sunday, 20 Jul 2014 08:00pm EDT

PT Express Transindo Utama Tbk:Plans to invest 427.5 bln rupiah ($36.54 mln) this year in acquiring additional 150 tour buses and around 300 new taxi units-Investor Daily.

Autohellas SA announces initiation of merger procedure

Tuesday, 1 Jul 2014 11:29am EDT

Autohellas SA:Announces that together with Vacar SA, decided on June 30 to initiate merger procedures through absorption of the company Vacar SA by Autohellas Tourism and trading company.Says the merger will be conducted through absorption.Says the merger is subject to the decisions of the involved companies' relevant bodies as designated by law and to the licenses and approvals of the relevant authorities.

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