Article: BAIDA GROUP STARTS NONTRADABLE SHARES REFORM


AsiaInfo Services
08-29-2006
Baida Group Starts Nontradable Shares Reform

ZHEJIANG, Aug 29, 2006 (SinoCast via COMTEX) -- Domestically-listed Baida Group Co., Ltd., a state-owned company engaged in a comprehensive range of commercial operations including department store, hotel, tourism, as well as import and export in Hangzhou City of Zhejiang Province, has entered detailed procedures of its non-tradable shares reform from August 28, according to its announcement made on the same day.

As of August 25, Zhejiang Intime Department Store Group Co., Ltd., the department store operation of China Yin Tai Investment Holdings Co., Ltd., bought in an additional 3,630,711 of Baida's tradable shares ...

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