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00658 C TRANSMISSION
RTNominal unchange0.750 0.000 (0.000%)
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19/01/2018 09:23

Fullshare (607) may sell controlling stake in C Transmission

[ET Net News Agency, 19 January 2018] Fullshare Holdings (00607) and China High Speed
Transmission Equipment (CHS) (00658) said each of Five Seasons XVI Limited and Ji Changqun
entered into a memorandum of understanding with an independent third party in relation to
a possible conditional voluntary partial cash offer for more than 50% but not exceeding
75% of the issued shares of CHS.
Five Seasons, a direct wholly-owned subsidiary of Fullshare, currently holds about
73.91% stake in CHS. Ji, the chairman of the board of directors of Fullshare, the chief
executive officer and an ultimate controlling shareholder of Fullshare, is also personally
interested in about 1.09% stake of CHS. Five Seasons, Ji and Fullshare are the controlling
shareholders of CHS.
Trading in shares of Fullshare and CHS will be resumed this morning. (HL)

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