Article: CONTROLLING SHAREHOLDERS BUY MORE LISTED-ARM SHARES


AsiaInfo Services
10-17-2008
Controlling Shareholders Buy More Listed-Arm Shares

SHANGHAI, Oct 17, 2008 (SinoCast via COMTEX) -- Chengdu Xuguang Electronics Co., Ltd. (SHSE: 600353) announced today that its controlling shareholder, Guangdong Xidea Technology Group Co., Ltd., additionally acquired approximately 5.66 million shares of the company via the secondary market.

Those shares, accounting for about 5.001 percent of the capital stock of the Shanghai-traded company, will lift up the stake Guangdong Xidea holds in it to 26.791 percent from previously 21.79 percent. Shareholders that owns a more than 30 percent stake in a listed subsidiary should announced any additional stake ...

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