Independent journal on economy and transport policy
08:34 GMT+2
China's Jinzhou says to buy bigger stake in Jitong
(SiliconValley.com)
July 16, 2001
(posted July 13)
SHANGHAI (Reuters) - China's Jinzhou Port said Saturday that it planned to issue 200 million additional domestic A shares to buy a more than 20 percent stake in domestic telecoms firm Jitong Communications Co.
The offering would raise around two billion yuan ($241.7 million) of which it would spend 1.03 billion yuan to buy shares in the Beijing-based Jitong, ...... Read more on SiliconValley.com
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