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CHINA TAIPING's Subsidiary Transfers Equity Interests of 4 Firms to CRCC, Involving RMB6.5B
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CHINA TAIPING (00966.HK)'s non-wholly owned subsidiary, TPL, agreed to transfer all its equity interest held in four subject companies to CRCC for a consideration of RMB6.5 billion in cash, as announced by CHINA TAIPING. The transfer involves approx. 7.47%, 17.27%, 10.86% and 8.49% equity interest in CRCCI, CRCC Kunlun, CR 11th Bureau and CRCCG. AASTOCKS Financial News Website: www.aastocks.com |
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