Brief: Harbin Electric announces Equity Transfer Agreements with Huarong

Harbin Electric

29/11/2019 01:30

Nov 29 (Reuters) - Harbin Electric Co Ltd  1133.HK :
    * HUARONG TO TRANSFER ITS 10.37% STAKE IN MACHINERY CO,
5.22%
STAKE IN BOILER CO, 26.96% STAKE IN STEAM TURBINE CO TO CO
    * DEAL FOR AGGREGATE PURCHASE PRICE OF RMB432.8 MILLION
    * ON COMPLETION, CO TO HOLD 100%, 97.30% & 97.87% STAKE IN
MACHINERY CO, BOILER CO & STEAM TURBINE CO, RESPECTIVELY

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS8jYZR
Further company coverage:  1133.HK 

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