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Article: SWELL HOLDING RAISES STAKE IN HISYN TRUST

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AsiaInfo Services
Article date:
November 2, 2007
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AsiaInfo Services
11-02-2007
Swell Holding Raises Stake in Hisyn Trust

CHONGQING, Nov 02, 2007 (SinoCast via COMTEX) -- Chongqing Swell Holding (Group) Co., Ltd., whose principal activities are the manufacture and sale of porcelain products like sanitary ceramics, construction sanitary ceramics and compound material bathtubs, is going to take over another 21.45 percent stake in Qingdao Hisyn Trust & Investment Co., Ltd. from China Railway 18th Group Co., Ltd.

Both sides will sign agreement on the stake transfer soon, which will be sealed at CNY 67.55 million.

Swell Holding's major shareholder Qinghai Zhongjin Venture Capital Co., Ltd. will pay the consideration and they will negotiate ...

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