Article: CITYCHAMP DARTONG TO BUY MORE 30% OF A BJ PROPERTY COMPANY


AsiaInfo Services
10-11-2007
Citychamp Dartong to Buy More 30% of a BJ Property Company

BEIJING, Oct 11, 2007 (SinoCast via COMTEX) -- Citychamp Dartong Co., Ltd. (SHSE: 600067) plans to enlarge its stake in Beijing Science and Technology Park Construction Co., Ltd. to 49% by purchasing more 20% shares, the Chinese enamel copper wires maker announced on October 9, 2007.

The 30% stake consists of 9% and 21% stakes respectively held by Beijing Haikai Real Estate Group Company and Beijing Haidian Commercial Facilities Construction Management Company. Citychamp has signed letters of intent with the former two companies. Citycharm Dartong expects that the acquisition will benefit its expansion ...

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