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BRIEF-Shandong New Beiyang Information Technology announces merger between subsidiaries
August 23, 2017 / 3:20 AM / 3 months ago

BRIEF-Shandong New Beiyang Information Technology announces merger between subsidiaries

Aug 23 (Reuters) - Shandong New Beiyang Information Technology Co Ltd :

* Says controlling electronic tech subsidiary, based in Weihai, will merge with another controlling subsidiary, which is also engaged in software and electronic equipment business, based in Anshan, to improve competitiveness in financial industry

* Says Weihai subsidiary will take over the assets and debt of Anshan subsidiary

* Weihai subsidiary will survive and Anshan subsidiary will be dissolved after the transaction

Source text in Chinese: goo.gl/hkZV7y

Further company coverage: (Beijing Headline News)

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