Article: HONGTU HIGH-TECH TO BUY MORE SHARES IN HUATAI SECURITIES


AsiaInfo Services
06-13-2007
Hongtu High-tech to Buy More Shares in Huatai Securities

SHANGHAI, Jun 13, 2007 (SinoCast via COMTEX) -- Jiangsu Hongtu High Technology Co., Ltd. (Hongtu High-tech), a leading Chinese electronic information firm, announced that it has gained approval from the company's board to subscribe no more than 30 million shares in Huatai Securities for no more than CNY 75 million.

Presently, it has owned a total of 72.169146 million Huatai shares, which is equivalent to about 3.28 of the target company's capital stock.

Huatai Securities Co., Ltd., founded in December 1990 and formally opened for business in May 1991 in Nanjing, is one of the first batch of ...

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