Business Activities News
- Shenzhen bank, GE to extend agreement
Date: 8-Jan-2007 Sources: (Shenzhen Daily)
SHENZHEN Development Bank Co. extended an agreement with GE Electric Co. to sell a 7 percent stake of the bank to the world's second-biggest company by market value.
The partners extended the accord, first signed Sept. 28, 2005, to June 30 this year to allow them to renegotiate terms in the share sale agreement, Shenzhen Development said in an exchange filing Friday to the Shenzhen stock exchange.
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