Stocks News
- Goldman unit to buy Yangzhiguang stake
Date: 9-Aug-2007 Sources: (Shenzhen Daily)
THE Ministry of Commerce has granted a unit of Goldman Sachs approval to buy a stake in Shanghai-listed measuring tool maker Chengdu Yangzhiguang Industrial Co. in a deal worth at least US$32 million.
The deal, which would allow the Goodman Sachs unit, Jade Dragon (Mauritius) Ltd., to buy 60 million shares, or a 12.08 percent stake in Chengdu Yangzhiguang, still needs the approval of the China Securities Regulatory Commission, the stock market watchdog, Yangzhiguang said in a filing to the Shanghai Stock Exchange yesterday.
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