AviChina cuts shareholding in Dongan Auto to 57.82%
Published: 25 May 2009 00:03:54 PSTMay. 25, 2009 (China Knowledge) - AviChina Industry & Technology Co Ltd<2357> recently cut its shareholding to 57.82% in Harbin Dongan Auto Engine Co Ltd<600178>, a company mainly engaged in the development, manufacture and sale of automobile engines, the Shanghai Securities News reported. On May 21, AviChina sold 4.39 million A-shares, or 0.95% of Dongan Auto's total issued share capital. AviChina now holds 267.173 million shares of the auto engine maker's stock, representing 57.82% of the total issued share capital of the company, of which 38.384 million are tradable A-shares. Harbin Dongan Auto's principal products are used in mini automobiles. The company's three affiliates are involved in the manufacture and sale of petroleum engines, pistons and other auto parts. Copyright © 2009 www.chinaknowledge.com |
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