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Article: JINJIAN CEREALS TO SELL OUT JINJIAN TROPICS AGRICULTURAL
- Article from:
- AsiaInfo Services
- Article date:
- December 10, 2008
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AsiaInfo Services
12-10-2008
Jinjian Cereals to Sell out Jinjian Tropics Agricultural
HUNAN, Dec 10, 2008 (SinoCast Daily Business Beat via COMTEX) -- Hunan Jinjian Cereals Industry Co., Ltd. (SHSE: 600127) on December 10 announced that it is to sell its 100% stake in Hainan Jinjian Tropics Agricultural Development Co Ltd, a tropical fruit producer, to two natural persons, Xu Zhixiang and Shao Guangrong.
The buyers will pay off CNY 100,000 and pay debts of CNY 5.4 million for the target company to Jinjian Cereals. The listed company will spend the capital on the development of its advantaged industry and strengthen the construction of its new profit-making projects, in attempt to optimize ...
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