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BRIEF-Tecon Biology says equity investment shareholder to transfer entire 15.8 pct stake for 1.34 bln yuan
November 27, 2017 / 2:52 AM / 19 days ago

BRIEF-Tecon Biology says equity investment shareholder to transfer entire 15.8 pct stake for 1.34 bln yuan

Nov 27 (Reuters) - Tecon Biology Co Ltd

* Says an equity investment shareholder will sell entire 15.8 percent stake(152.1 million shares) in the company to a Beijing-based assets management company, for 1.34 billion yuan

* Says Beijing-based assets management company will increase stake in the co to 15.8 percent from 0 percent, and become second biggest shareholder after transaction

Source text in Chinese:goo.gl/fKbcGU

Further company coverage: (Beijing Headline News)

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