New cast pipe to buy international development 25% stake in HK $29.7 million

NetEase Financial November 22 News Emerging Casting tube Monday evening issued a notice, the company to 29.7 million Hong Kong dollars by the East China investment held by the international development of 25% Equity.　　After the transfer of equity, the company holds 100% per cent of international development.　　November 16, the emerging casting board to consider the adoption of the "on the international development of the 25% share of the bill," in recent and East China investment in East China's investment in the international development of 25% Equity Holdings signed the "equity transfer agreement." Emerging casting Pipe said that the company and East China Investment signed the "equity transfer Agreement", the price of HK $29,703,968 to 68 yuan under the Agreement for its international development of 25% Equity.　　After the transfer of equity, the company holds 100% per cent of the international development and holds an emerging 60% per cent stake in Yellowstone through international development. Emerging casting Pipe said that the transaction will enable the company's international development of the proportion of the shareholding increased to 100%, and then the company to hold a new share of the yellow stone from 45% to 60%, the company's operating performance has a certain role in the promotion, in line with the interests of all shareholders.