Article: DASHANG TO ACQUIRE ASSETS FROM SHAREHOLDER


AsiaInfo Services
09-05-2007
Dashang to Acquire Assets from Shareholder

LIAONING, Jul 09, 2007 (SinoCast via COMTEX) -- Dashang Group Co., Ltd. (SHSE: 600694) has obtained approval from its board of directors to purchase part of equity and assets from its shareholder Dashang Group, announced the listed company.

According to its announcement, the listed company is going to spend CNY 21.9212 million acquiring the 100% equity in the Daqing-based ethylene department store company and the 100% equity in Daqing Baida Hotel Co., Ltd. At the same time, it will purchase all the assets of the Ranghu Road Department Store and Longgang Department Store in Daqing, a city in China's northern Heilongjiang ...

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