December 29, 2017 / 10:59 AM / a year ago

BRIEF-Shenzhen Fountain says restructuring between unit and hydropower investment firm

Dec 29(Reuters) - Shenzhen Fountain Corp

* Says co will inject property development unit’s (firm 1)assets, a Fuzhou-based development investment firm and an individual (counterparty) will inject hydropower investment firm’s (firm 2) assets, into a Shenzhen-based energy investment and development firm (target firm) respectively

* Says target firm was established by the co before the assets injection (restructuring)

* Says co and counterparty will hold a 90 percent stake and a 10 percent stake in target firm respectively and the target firm will hold firm 1 and firm 2 after restructuring

* Says target firm will be mainly engaged in clean energy related business

Source text in Chinese:

Further company coverage: (Beijing Headline News)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below