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China Glass selling 49% of share of Dongtai China Glass

Post Time:May 27,2009Classify:Company NewsView:319

China Glass Holdings Limited (China Glass) announced on Monday that Ruide and SHD New Materials (Both are wholly-owned subsidiaries of China Glass) signed an equity transfer agreement with Jiangsu Glass Group and Dongtai China Glass on May 25, 2009. They agreed to transfer 49% of share of Dongtai China Glass to Jiangsu Glass Group. After the transfer, Ruide, SHD New Materials and Jiangsu Glass Group will separately hold 25%, 26% and 49% of shares of Dongtai China Glass.

China Glass halted its trading in SEHK from 12:26 pm on May 25, 2009 and had applied for resumption of trading from 9:30 am on May 26.

Source: GlassInChinaAuthor: shangyi

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