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Article: CHINA'S TODAYTECH GROUP SET TO TAKE OVER FANGXING GLASS.
- Article from:
- AsiaPulse News
- Article date:
- August 11, 2005
CopyrightCOPYRIGHT 2005 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Aug 10 Asia Pulse - Huaguang Glass Group Co., Ltd. of East China's Anhui Province, the No. 1 shareholder of Fangxing plans to transfer 100 per cent of its state-owned shares to TodayTech Group Co., Ltd., according to an announcement made by Fangxing Science & Technology Inc. on June 9.
Huangguang Glass holds 49.84 per cent of the shares of Fangxing.
Statistics shows that TodayTech Group, founded in 1988, was one of the subordinates of the former Ministry of Electronics Industry, with a registered capital of 100 million yuan (US$12.3 million). It mainly exports complete electronics systems and equipment and imports related new technologies, ...