December 6, 2017 / 9:13 AM / 12 days ago

BRIEF-Controlling shareholder of Shenyang Machine Tool plans to sell co's ROE for 1 bln yuan

Dec 6 (Reuters) - Shenyang Machine Tool Co Ltd:

* SAYS CONTROLLING SHAREHOLDER SIGNS AGREEMENT TO SELL 29.39 PERCENT RETURN OF EQUITY IN THE COMPANY TO CHINA CONSTRUCTION BANK‘S TIEXI BRANCH FOR 1.0 BILLION YUAN ($151.20 million)

* SAYS CONTROLLING SHAREHOLDER WILL USE THE CAPITAL TO BUY COMPANY'S NON I5 INTELLECTUAL BUSINESS RELATED ASSETS Source text in Chinese: bit.ly/2B3ARzo Further company coverage: ($1 = 6.6138 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below