Business Activities News
- Shenzhen Intl. to buy 40% stake in firm
Date: 15-Dec-2006 Sources: (Shenzhen Daily)
HONG KONG-LISTED Shenzhen International Holdings Ltd. said it has agreed to buy an additional 40 percent stake in Shenzhen Western Logistics Co. Ltd. for 230 million yuan (US$30 million), raising its shareholding in the logistics firm to 60 percent.
The company said the acquisition will give it control of the assets as well as the logistics company's business.
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