Stocks News
- Liaoning News
Date: 12-Jun-2007 Sources: (Shenzhen Daily)
YINGKOU Port Liability Co. will buy key assets from its parent via a share placement worth as much as 5.85 billion yuan (US$765 million).
The Shanghai-listed company, which operates a medium-sized port in northeastern China's Liaoning Province, will issue up to 446.56 million new A shares to its parent at 13.10 yuan per share, a 19 percent discount from Thursday's closing market price of 16.14 yuan. The purchase includes terminals and other operating assets which will reduce Yingkou Port's debt ratio and improve its profitability.
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