Related News
Merger approved
By Jin Jing |
February 10, 2011, Thursday
|
Print Edition
Print Edition
SHANGHAI Municipal Commission of Commerce has agreed in principal to the Shanghai Friendship Group's plan to merge with Shanghai Bailian Group.
According to the restructuring plan, Shanghai Friendship will buy 36 percent of Shanghai Nextage Department Store and 100 percent of Bailian Investment Group through a private placement valued at 4.7 billion yuan (US$705 million).
Shanghai Friendship will also exchange 0.861 of its shares for each of Shanghai Bailian's shares.
Shanghai Bailian will be delisted from the Shanghai Stock Exchange after the share swap.
According to the restructuring plan, Shanghai Friendship will buy 36 percent of Shanghai Nextage Department Store and 100 percent of Bailian Investment Group through a private placement valued at 4.7 billion yuan (US$705 million).
Shanghai Friendship will also exchange 0.861 of its shares for each of Shanghai Bailian's shares.
Shanghai Bailian will be delisted from the Shanghai Stock Exchange after the share swap.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
