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Personal Investment Market News & Reports Daily News


Xiezhong Int'l controlling holder to sell up to 33.2% stake

2017-07-13 08:43:00.0

[ET Net News Agency, 13 July 2017] Xiezhong International (03663) said its controlling

shareholder BHAP HK Investment Limited agreed to place up to about 265 million shares,

representing about 33.17% of the existing issued share capital, at a placing price of not

lower than HK$1.4 per share.

Upon completion, BHAP will cease to hold any shares in Xiezhong.

BHAP is wholly-owned by Beijing Hainachuan, which is owned as to 60% by Beijing

Automotive Group Co., Ltd. and 40% by Beijing Industrial Developing Investment Management

Co., Ltd. Beijing Automotive Group is a wholly-owned subsidiary of the State-owned Assets

Supervision and Administration Commission of People's Government of Beijing Municipality.

Beijing Industrial is a wholly-owned subsidiary of Beijing State-Owned Assets Management

Co., Ltd. (HL)



* The news is provided by ETNet
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