Article: ZHONGKE SANHUAN CONTROLLED SEM


AsiaInfo Services
02-16-2004
Zhongke Sanhuan Controlled SEM

BEIJING, Feb 16, 2004 (SinoCast via COMTEX) -- On February 12, Beijing Zhongke Sanhuan High-Tech Co., Ltd., Zhongke Sanhuan (SZSE: 000970), announced that the company holds 70 shares in Shanghai Epson Magnetics Co., Ltd. (SEM)by acquiring equity from Epson China and other shareholders.

Zhongke Sahuan said that the company holds 70 shares in SEM and becomes the largest shareholder.

Epson China transferred 24.5 shares in SEM to Zhongke Sanhuan and obtained a profit of CNY 41.409 million.

Before this equity transfer, Epson and its Japanese parent company, Japan ...

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