Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
China's Xugong Science to buy parent assets
Adjust font size:

Xugong Construction Machinery Science & Technology Co, controlled by China's biggest building-equipment maker, will buy assets including stakes in crane and heavy-machinery producers for 5.3 billion yuan (US$777 million).

The company will issue 322.4 million new shares to parent Xugong Group Construction Machinery Co in exchange for control of five units, it said in a Shenzhen Stock Exchange statement yesterday.

(Shanghai Daily September 25, 2008)
Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Xugong Science to buy 5.6 bln yuan in assets from parent
- China's Xugong backs out on Carlyle's investment
- Xugong goes with the wind
- Carlyle Capital's huge debt may affect Xugong
Most Viewed >>
- KFC - 'a foreign brand with Chinese characteristics'
- Can China's dairy sector win back customer confidence?
- Wall Street unloads its Chinese assets
- China Huijin increases stake in 3 top lenders
- Slowdown fears higher than before
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?