Brief: Chongqing Machinery says disposal of 65% equity interests in Chongqing Shenjian

Chongqing Machinery & Electric Co

06/04/2017 11:58

April 6 (Reuters) -    Chongqing Machinery & Electric Co. 
Ltd-  2722.HK : 
    * Voluntary Announcement Disposal Of 65% Equity Interests In 
Chongqing Shenjian 
    * Chongqing machine tools , a unit, and zhejiang shuanghuan 
driveline co., ltd. Entered into an equity transfer agreement 
    * Upon completion of transaction, company will still 
indirectly hold 35% equity interest in chongqing shenjian 
    * Shuanghuan driveline has agreed to acquire 65% equity 
interest in chongqing shenjian at consideration of rmb103.2 
million 
 
 
     
     
    Source text (http://bit.ly/2nNLMmE) 
    Further company coverage:  2722.HK  
 
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