Posted On: 04/22/2012 5:16:21 PM
Post# of 2918
Re: iggyman555 #854
Announced 03/19/12
YTO (Luoyang) Shentong Construction Machinery Co., Ltd
Merger/Acquisition
First Tractor Co. Ltd. (SEHK:38) entered into an equity transfer agreement to acquire remaining 24% stake in YTO (Luoyang) Shentong Construction Machinery Co., Ltd from YTO Group Corporation for CNY 1 in cash on March 19, 2012. The consideration shall be paid within 20 working days upon signing of the agreement. The transaction will be funded by internal resources of First Tractor. Upon completion of the transaction, YTO Shentong will become a wholly-owned subsidiary ...
Saw this and thought it was interesting....is this a new listing FIRRYF? Or what.?
YTO (Luoyang) Shentong Construction Machinery Co., Ltd
Merger/Acquisition
First Tractor Co. Ltd. (SEHK:38) entered into an equity transfer agreement to acquire remaining 24% stake in YTO (Luoyang) Shentong Construction Machinery Co., Ltd from YTO Group Corporation for CNY 1 in cash on March 19, 2012. The consideration shall be paid within 20 working days upon signing of the agreement. The transaction will be funded by internal resources of First Tractor. Upon completion of the transaction, YTO Shentong will become a wholly-owned subsidiary ...
Saw this and thought it was interesting....is this a new listing FIRRYF? Or what.?
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