News Column

Weihai Guangtai Sets Foot in Making Fire Products

May 8, 2014

WEIHAI, May 8, SinoCast -- Weihai Guangtai Airport Equipment Co., Limited (SZSE: 002111) revealed plans for A-share private placement to controlling shareholder to finance not more than CNY 620 million, which will be used for acquiring an 80% stake in Yingkou Shanying Alarm Equipment Co., Ltd. and replenishing working capital. The acquisition price is CNY 520 million. Totally not more than 53 million shares will be offered for CNY 11.68 per share.

Weihai Guangtai is currently engaged in making and selling airport equipment and will foray into firefighting field after the private placement and extend product ranges.

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Source: Sinocast Transportation Beat (China)

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