Brief: Sunshine 100 China To Buy Remaining Stake In Three Project Companies In Wenzhou

Sunshine 100 China Holdings

22/11/2019 10:33

Nov 22 (Reuters) - Sunshine 100 China Holdings Ltd
 2608.HK :
    * ANNOUNCES ACQUISITION OF REMAINING EQUITY INTERESTS IN
THREE
PROJECT COMPANIES IN WENZHOU
    * ACQUISITION OF REMAINING STAKE IN 3 PROJECT COMPANIES IN
WENZHOU
FOR TOTAL CONSIDERATION OF RMB1.11 BILLION
    * CURRENT HOLDERS SHALL FIRST TRANSFER REMAINING EQUITY
INTEREST
THEY HOLD IN PROJECT COMPANIES
    * CURRENT HOLDER SHALL TRANSFER 49% STAKE IN WENZHOU
ZHONGXIN, 49%
STAKE IN WENZHOU SHENGTAICHENG  TO SELLERS
    * CURRENT HOLDER SHALL ALSO  TRANSFER 51% STAKE IN WENZHOU
ZHONGXIN HAOYUAN TO SELLERS

Source text for Eikon:  ID:nHKS8Cb3bl 
Further company coverage:  2608.HK 

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