[ET Net News Agency, 29 September 2017] China High Speed Transmission Equipment (00658)
said it agreed to sell 40% and 30% equity interest in Jiangsu Anlangda Health Industry
Development Co., Ltd. to controlling shareholder Fullshare Holdings (00607) and Jiangsu
Lipu Health Technology Co., Ltd. for Rmb101 million and Rmb76.07 million respectively.
Upon completion, the target company will cease to be a subsidiary of China High Speed
Transmission.
The asset of the Target Company will mainly be composed of the the land use rights of
the land and the factory erected thereon which is situated at No.3, Youjiaao, Yuhuatai,
Nanjing, of which the land has an area of about 100,000 square metres and the factory has
a gross floor area of about 70,000 square metres.
It is expected that there will be a pre-tax gain of about Rmb56 million from the
disposal. The proceeds are intended to be used for general working capital purposes of the
Group. (HL)
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00658 C TRANSMISSION
Nominal 
0.700 -0.060 (-7.895%) Others
29/09/2017 10:33
C Transmission (658) to sell stake in Nanjing land & factory
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