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Article: TENDER OFFER FOR GUANGZHOU REFRIGERATION STARTS
- Article from:
- AsiaInfo Services
- Article date:
- December 18, 2008
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AsiaInfo Services
12-18-2008
Tender Offer for Guangzhou Refrigeration Starts
GUANGZHOU, Dec 18, 2008 (SinoCast Daily Business Beat via COMTEX) -- Guangzhou Refrigeration Co., Ltd. (SZSE: 00893), a leading refrigerator compressor maker in China, announces that its controlling shareholder Guangdong Dongling Industry Group Co., Ltd. starts a tender offer for all tradable shares outside of its hands.
Dongling Industry Group recently acquired 26.12% stake in the listed company from the second largest shareholder of Guangzhou Refrigeration, named Guangzhou Wanbao Group Co., Ltd., when the latter thoroughly withdrew.
As Dongling Industry Group also held 34.6% stake in Guangzhou Refrigeration, the ...