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Wolong Electric: intended to 1.082 billion yuan transfer of 92.5% stake in Yinchuan Transformer

Source: Time:2016-12-12 17:25:43 views:

Wolong Electric (600580) announced the evening of November 30, intends to transfer its holding subsidiary of Wolong Electric Yinchuan Transformer Co., Lt
Wolong Electric (600580) announced the evening of November 30, intends to transfer its holding subsidiary of Wolong Electric Yinchuan Transformer Co., Ltd. (hereinafter referred to as "Yinchuan Transformer") 92.5% of the shares of Wolong Electric Co., Ltd. (hereinafter referred to as "Yinchuan Transformer" (Hereinafter referred to as "Red Power"), the initial 92.5% stake in the transfer price of RMB 1,082,250,000, of which 70% of the red-phase power to pay shares, will receive the corresponding shares (hereinafter referred to as the red-phase power) 44,906,639 shares; 30% in cash, the corresponding cash will be 324,675,000.07 yuan. (China Securities Journal)
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