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BRIEF-Shanghai Industrial Holdings updates on acquisitions of interests in Longjiang Environmental Protection Group
October 18, 2016 / 12:52 PM / in a year

BRIEF-Shanghai Industrial Holdings updates on acquisitions of interests in Longjiang Environmental Protection Group

Oct 18 (Reuters) - Shanghai Industrial Holdings Ltd :

* Acquisitions of further interests in longjiang environmental protection group co., ltd.

* Deal for total consideration of rmb1.23bln

* shun yuen investment, gold orient & siic environment shenzhen, each a unit of co and as purchasers, entered into acquisition agreements

* Consideration shall be settled in cash

* upon completion of acquisitions, co will hold approximately 90% of shareholding interests in longjiang environmental Source text for Eikon: Further company coverage:

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