CIMC Tianda, in which CIMC (SEHK: 0039) holds a 70% stake, will be injected into Pteris Global, for which all parties decided to postpone the agreement signing to July 31 or other dates they agree from planned April 30.
Pteris will issue new shares to pay. After the move, CIMC's stake in Pteris will grow to about 48.6% from currently about 14.99%.
Source:
http://www.sinocast.com/readbeatarticle.do?id=93035
