News Column

Century Huatong Buys 7Cool Held by Zeus Interactive

January 29, 2014

DALIAN , January 29 , SinoCast -- Dalian Kemian Wood Industry Co., Ltd. (SZSE: 002354) revealed that Zeus Interactive planned to use a 10% stake held in 7Cool to participate in private placement kicked off by Zhejiang Century Huatong Automotive Part Co., Ltd. (SZSE: 002602). Century Huatong planned to purchase the 100% stake in 7Cool through share placement and cash payment. The acquisition target is estimated to be worth CNY 858 million and will be purchased for CNY 850 million . Zeus Interactive spent CNY 40 million in acquiring the 10% stake held in 7Cool, hence, will get some investment proceeds. Kemian Wood harvested audited net profit attributable to parent of CNY 11 million in 2013.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Sinocast Internet, Media & Online Services Beat (China)


Story Tools