Date
24 October 2017

Quanjude wins nod for share placement plan, filing says

Restaurant operator China Quanjude (Group) Co. Ltd. (002186.CN) has won approval from the Beijing State-owned Assets Supervision and Administration Commission for a private share placement plan, according to a regulatory filing late Monday. The company will place up to 24.9 million A-shares with its major shareholders. After the placement, controlling shareholder Beijing Tourism Group will see its stake go up to 42.72 percent.

–Contact HKEJ at [email protected]

KZ/AC/RC

 

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