Brief: Euro Tech Holdings To Sell Stake In Zhejiang Jiahuan Electronics Co

Euro Tech Holdings

28/03/2018 10:44

March 28 (Reuters) - Euro Tech Holdings Company Ltd
 CLWT.O :
    * EURO TECH HOLDINGS COMPANY LIMITED ANNOUNCES THAT IT HAS
SIGNED
AN EQUITY TRANSFER AGREEMENT TO SELL ITS STAKE IN ZHEJIANG
JIAHUAN ELECTRONICS CO., LTD.
    * EURO TECH HOLDINGS COMPANY LTD - ‍SIGNED EQUITY TRANSFER
DEAL TO
SELL 20% EQUITY STAKE OF ZHEJIANG JIAHUAN ELECTRONICS CO. LTD.​
    * EURO TECH HOLDINGS COMPANY LTD - ‍TO SELL STAKE OF JIA
HUAN TO
INDIVIDUAL, WHO IS WIFE OF HOLDER OF REMAINING 80% EQUITY STAKE
OF JIA HUAN
    * EURO TECH HOLDINGS COMPANY LTD - DEAL FOR A PURCHASE PRICE
OF
RMB$31.3 MILLION​
    * EURO TECH HOLDINGS COMPANY - ‍DECISION TO ENTER INTO DEAL
BASED
UPON INTENTION OF JIA HUAN'S MAJOR SHAREHOLDER TO DIVERSIFY
BUSINESS INTO NEW AREAS​

Source text for Eikon:  ID:nPn26bkkpa 
Further company coverage:  CLWT.O 

 ((Reuters.Briefs@thomsonreuters.com;))