TC

25/04/2014 10:40

Jiangnan Group (01366) controlling holder sells 16.57% stake

    Jiangnan Group (01366) said its controlling shareholder Power Heritage Group Limited agreed to sell 510 million shares, representing about 16.57% of the issued share capital, for HK$357 million, equivalent to HK$0.7 per share.
  After completion, Power Heritage will hold about 55.14% interests in Jiangnan Group.
  The purchasers include executive director Chu Hui and three other employees, namely Zeng Guoming, Shi Wenwei and Li Xiaoqin. 

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