News Column

Fosun Buys 13% Equities in Zhongshan Public Utilities

August 14, 2014

SHANGHAI, August 14, SinoCast -- Zhongshan Public Utilities announces that Zhongshan Zhonghui Investment Group, controlling shareholder, August 11 signed an agreement to sell 13% equities in the company at CNY 10.52 per share or CNY 1.07 billion in total to Shanghai Fosun High Technology (Group).

Zhonghui will hold 384 million shares or 49.26% equities in Zhongshan Public Utilities after the deal. Fosun will hold 101 million shares or 13% equities in the company. Controlling shareholder and effective controller statuses will not change.

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Source: Sinocast Energy Beat (China)

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