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BRIEF-Xinjiang Sailing Information Technology to pay annual cash div, unit to raise stake to 100 pct in infor-tech firm
April 20, 2017 / 6:30 AM / 5 months ago

BRIEF-Xinjiang Sailing Information Technology to pay annual cash div, unit to raise stake to 100 pct in infor-tech firm

April 20(Reuters) - Xinjiang Sailing Information Technology Co Ltd :

* Says it plans to pay annual cash dividend as 0.40 yuan(pre-tax) per 10 shares as FY 2016 div payment

* Its wholly owned subsidiary will use 1.3 million yuan to buy 15 percent stake in a Xinjiang information tech unit and will hold 100 percent stake in target company after transaction

Source text in Chinese: goo.gl/2l4hXs

Further company coverage: (Beijing Headline News)

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