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Article: JINJIAN CEREALS INKED SUPPLEMENT FOR HAINAN JINJIAN DEAL

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AsiaInfo Services
Article date:
January 24, 2009
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AsiaInfo Services
01-24-2009
Jinjian Cereals Inked Supplement for Hainan Jinjian Deal

Jan 24, 2009 (SinoCast Daily Business Beat via COMTEX) -- HAIKOU, January 24, SinoCast -- Shanghai-listed grain company Hunan Jinjian Cereals Industry Co., Ltd. (SHSE: 600127) yesterday announced that it had entered into a supplementary agreement with Xu Zhixiang and Shao Guangrong, for the share sales of Hainan Jinjian Tropic Agriculture Development Co., Ltd.

Under the supplementary agreement, Xu Zhixiang and Shao Guangrong, who will buy up Hainan Jinjian from Jinjian Cereals, should repay Hainan Jinjian's debt of CNY 5.2 million at one time before January 20, 2009. Once receiving the repayment, the ...

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