Brief: Chongqing Machinery & Electric Co Company entered into equity transfer agreements

Chongqing Machinery & Electric Co

26/09/2017 15:56

Sept 26 (Reuters) - Chongqing Machinery & Electric Co Ltd 
 2722.HK : 
    * Company entered into equity transfer agreements with 
Chongqing Machinery And Electronic Holding 
    * Co to transfer 100% equity interest held by it in Qijiang 
Gear and 45% equity interest in Microcredit to parent co 
    * Parent co to transfer 100% equity interest held by it in 
Intelligent Manufacturing And Equipment Research Institute to co 
    * Consideration for transaction in relation to transfer of 
100% equity interest in Qijiang Gear is RMB255.5 million 
    * Consideration for transaction of Microcredit is RMB61 
million and that of Equipment Research Institute is RMB14.4 
million 
 
Source text for Eikon:  ID:nHKS83GwfM  
Further company coverage:  2722.HK  
 
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