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Article: SHENHUA SOLD 10.64MN SHARES IN DAZHONG TO SHANXI STEELMAKER
- Article from:
- AsiaInfo Services
- Article date:
- June 26, 2007
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AsiaInfo Services
06-26-2007
Shenhua Sold 10.64mn Shares in Dazhong to Shanxi Steelmaker
SHANGHAI, Jun 26, 2007 (SinoCast via COMTEX) -- Shanghai Shenhua Holdings Co., Ltd. (SHSE: 600653) has sold 10.64 million shares it held in Dazhong Insurance to Shanxi Haixin Iron and Steel Group Co., Ltd. for nearly CNY 18.86 million or CNY 1.772 each.
Shanghai Shenhua Holdings has reportedly gained almost CNY 8 million profits from the above-mentioned stake transfer.
Calculated by the total price of at least CNY 15.96 million the Shanghai-based company asked, the base price of each share of Dazhong Insurance is CNY 1.5 in the transfer.
Compared with nearly CNY 6 a share in New China Life, the price of ...
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351 words
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