|
South China Industries Inc. and Guilin Jiqi Group Co. Limited Announce Agreement.
Business Wire
|
June 11, 1998
|
COPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
(Hide copyright information)
Copyright
|
TORONTO--(BUSINESS WIRE)--June 11, 1998--South China Industri(TSE:SGC.) Guilin Jiqi Group C South China Industries (Canada) Inc. ("South China") and Guilin Jiqi Group Co. Limited ("Guilin Jiqi") announced today that Guilin Jiqi has entered into an agreement with South China's controlling shareholder, Guilin South Rubber Group Corporation ("GSRGC") to acquire GSRGC's 10,754,000 Multiple Voting Shares, representing 38.95 percent of the total outstanding shares, for Cdn. $1.62 per share.
The net book value of South China's shares at December 31, 1997 was Cdn. ...
Find more facts and information related to the
article "South China Industries Inc. and Guilin Jiqi Group ..."
