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;))
Recent news on Northeast Electric Development
See all newsBrief: Northeast Electric's A-Share To Delist From Shenzhen Stock Exchange On May 24
Brief: Northeast Electric Says Shenzhen Stock Exchange To Terminate Co's A-Share Listing Status
Brief: Northeast Electric Development Co Ltd Sees Net Profit Attributable In 2021 Rmb20 Million To Rmb30 Million
Brief: Chinese Court Approves Restructuring Plan For Northeast Electric Development's Controlling Shareholder
Brief: Northeast Electric Development Says Mi Hongjie Appointed As CFO