Stocks News
- Sichuan Changzheng to sell stake
Date: 26-Jul-2007 Sources: (Shenzhen Daily)
SICHUAN Changzheng Machine Tool Group Co. plans to sell a 23 percent stake to an outside investor and has held preliminary talks with several potential partners including Morgan Stanley, its chief executive said yesterday.
'We are interested in bringing in a financial investor. But we want to take our time and pick the right one,'Tong Jie said. Other companies that have expressed interest in the firm include a unit of Goldman Sachs and an investment firm controlled by Chinese entrepreneur Guo Guangchang.
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