Article: QINGDAO TO AUCTION 16.59% OF DOUBLESTAR MINGREN INDUSTRIAL

AsiaInfo Services
05-15-2009
Qingdao to Auction 16.59% of Doublestar Mingren Industrial

QINGDAO, May 15, 2009 (SinoCast Daily Business Beat via COMTEX) -- The State-owned Assets Supervision and Administration Commission (SASAC) of Qingdao City, east China, plans to auction its 16.59% of Qingdao Doublestar Mingren Industrial Co., Ltd. through the local equity exchange today.

Presently, five institutional and individual investors, including the real estate subsidiary of Doublestar Group, have the intentions of buying such a state-owned stake, and the base price involved in this deal was CNY 15.8502 million. Total assets, net assets, and liabilities of Doublestar Mingren Industrial are ...