Brief: Shanghai Industrial says units entered into acquisition agreements

Shanghai Industrial Holdings

18/10/2016 13:01

Oct 18 (Reuters) - Shanghai Industrial Holdings Ltd 
 0363.HK  
    * Acquisitions of further interests in Longjiang 
Environmental Protection Group Co., Ltd. 
    * Deal for total consideration of RMB1.23bln 
    * Shun Yuen Investment, Gold Orient & SIIC Environment 
Shenzhen, each a unit of co and as purchasers, entered into 
acquisition agreements 
    * Consideration shall be settled in cash 
    * Upon completion of acquisitions, co will hold 
approximately 90% of shareholding interests in Longjiang 
Environmental 
 
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