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Article: DR.PENG TECHNOLOGY TO SELL OFF 51% STAKE IN HEBEI UNIT
- Article from:
- AsiaInfo Services
- Article date:
- May 30, 2008
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AsiaInfo Services
05-30-2008
Dr.Peng Technology to Sell Off 51% Stake in Hebei Unit
SHANGHAI, May 30, 2008 (SinoCast via COMTEX) -- Chengdu Dr.Peng Technology Co., Ltd. (SHSE: 600804) announces on May 29, 2008 that it has gained go-ahead from its board of directors to sell out its 51% stake in the subsidiary Hebei Dr. Peng Technology Investment Co., Ltd. to Shijiazhuang Sanyou Electronics Co., Ltd. for CNY 4.5 million.
The proceeds will mainly be used to replenish the seller's working capital, according to the Shanghai-listed company.
In addition, Dr.Peng Technology reveals its plan to distribute CNY 0.25 pre-tax cash bonus for every 10 shares to its shareholders for 2007 on June 10, ...