Guilin Layn Natural Ingredients Corp. (SZSE: 002166) revealed that it planned to transfer an 80% stake in affiliated Guilin Jinhui Investment (transliterated) to Zhangtai Group, with consideration pending for further confirmation. Zhangtai Group is said to have paid cash deposit of CNY 120 million.
Jinhui Investment has registered capital of CNY 50 million, engaged in investment in real estate, landscape engineering, logistics and warehouses.
Source:
http://www.sinocast.com/readbeatarticle.do?id=93341
