*ST Shida plans cash acquisition of at least 51% of Kete Technology

Briefing by News4U · First published

Sina Finance reported that *ST Shida (600734) signed an equity-transfer letter of intent on 30 October with seven shareholders, including Fujian Electronics Information Group, to acquire at least 51% of Fujian Kete Technology for cash, becoming its controlling shareholder; the transaction is expected to constitute a major asset restructuring and related-party transaction but will not involve share issuance or a change of control, and the company’s shares will not be suspended. [1]

Sources

  1. 600734,筹划重大资产重组!

    Sina Finance · · Full text

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