Edition:
United Kingdom

Controlling shareholder of Shenyang Machine Tool plans to sell co's ROE for 1 bln yuan


Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Shenyang Machine Tool Co Ltd <000410.SZ>::SAYS CONTROLLING SHAREHOLDER SIGNS AGREEMENT TO SELL 29.39 PERCENT RETURN OF EQUITY IN THE COMPANY TO CHINA CONSTRUCTION BANK'S <<<601939.SS>>><<<0939.HK>>> TIEXI BRANCH FOR 1.0 BILLION YUAN ($151.20 million).SAYS CONTROLLING SHAREHOLDER WILL USE THE CAPITAL TO BUY COMPANY'S NON I5 INTELLECTUAL BUSINESS RELATED ASSETS.