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.
25/04/2014 10:40
Jiangnan Group (01366) controlling holder sells 16.57% stake
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