Date
19 August 2017

Shenzhen Ping’an, four others investing in Greentown, paper says

Shenzhen Ping’an Innovation Capital Investment Co. Ltd. and four other local firms have been selected to become shareholders of Greentown China Holdings Ltd. (03900.HK), China Business News reported Thursday. The firms will acquire a combined 2.09 billion shares for 11.73 billion yuan (US$1.93 billion) or 5.62 yuan per share, the report said. Shenzhen Ping’an is taking up 5.83 billion yuan worth of shares. The five companies were selected because of their leading positions in respective industries, the report said.

– Contact HKEJ at [email protected]

EL/AC/RC

 

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