Brief: BII Railway Transportation Technology Announces Proposed Acquisition Of 95 Pct Interest In Huaqi Intelligent
29/11/2018 22:29
Nov 30 (Reuters) - Bii Railway Transportation Technology
Holdings Co Ltd 1522.HK :
* ANNOUNCES PROPOSED ACQUISITION OF 95% EQUITY INTERESTS IN
HUAQI
INTELLIGENT
* AGREED TO ACQUIRE AND NETPOSA AGREED TO SELL 95% OF EQUITY
INTERESTS IN HUAQI INTELLIGENT FOR RMB1.05 BILLION
* UPON COMPLETION OF REGISTRATION, HUAQI INTELLIGENT WILL
BECOME A
NON-WHOLLY OWNED SUBSIDIARY OF CO
Source text for Eikon: ID:nHKSb0hDX9
Further company coverage: 1522.HK
((Reuters.Briefs@thomsonreuters.com;))
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