Trade Resources Economy Hanhe Cable Plans to Spend CNY 28.63 Million Own Capital Taking Over 100% Equities

Hanhe Cable Plans to Spend CNY 28.63 Million Own Capital Taking Over 100% Equities

Qingdao Hanhe Cable announces that it plans to spend CNY 28.63 million own capital taking over 100% equities that Qingdao Hanhe Group, controlling shareholder, holds in Qingdao Hanhe Electrical Engineering so as to further optimize business structure, expand business scope, enhance profitability and cut affiliated transactions.

Source: http://www.sinocast.com/readbeatarticle.do?id=99769
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Hanhe Cable Plans to Buy out Hanhe Electrical Engineering