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42 — Northeast Electric Development News Story

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Brief: Northeast Electric's biggest shareholder to cut stake in the company

Jan 25 (Reuters) - Northeast Electric Development Co Ltd 
 000585.SZ  
    * Says biggest shareholder signs agreement to sell 81.5 
million A-share in the company, representing 9.3 percent total 
issued share capital, for 1.3 billion yuan  ($189.04 million) 
 
 
    Source text in Chinese: http://bit.ly/2jdWAqS 
    Further company coverage:  000585.SZ  
 
($1 = 6.8770 Chinese yuan renminbi) 
 
 (Reporting by Beijing newsroom) 
 ((Beijing.slot@thomsonreuters.com;)(8610)(6627-1277;))

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