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Article: BAOJI DEPARTMENT STORE TO BUY MORE SHARES IN YONG AN

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AsiaInfo Services
Article date:
November 16, 2007
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AsiaInfo Services
11-16-2007
Baoji Department Store to Buy More Shares in Yong An

SHAANXI, Nov 16, 2007 (SinoCast via COMTEX) -- Baoji Department Store (Group) Co., Ltd. (SZSE: 000796) is to buy additional stake in Yong An Property Insurance Company Limited, headquartered in Xi'an, capital city of China's northwestern Shaanxi province, announced the listed company on November 14.

As the seventh largest shareholder of Yong An Property Insurance, the listed company has preemptive right to purchase a maximum of 380 million shares in the insurance firm at CNY 1.46 a share for CNY 554.8 million in total this time, representing 20% of the Xi'an-based insurer's ...

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