New cast pipe to let international development 25% equity

Source: Internet
Author: User
Our new casting pipe (000778.  SZ) today announced that the company and the East China Equity Investment Co., Ltd. on the subject of the new cast Pipe International Development Co., Ltd. held its 25% equity issues signed the agreement on Equity transfer, the agreement price of HK $29.704 million. After the transfer is completed, the company will hold 100% of the international development stake, and through international development holds the new 60% of Yellowstone's equity. The company intends to cancel the international development by appropriate means such as absorbing and merging after the transfer of the shares is completed.

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