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
