Jingwei Textile Machinery Reorganization Business &Nbsp; Sale Proceeds Of 30 Million 170 Thousand Yuan
Jingwei Textile Machinery
(00350) announced the increase of 105 million yuan (about HK $120 million) to Heng Tian real estate, which was held by the ultimate controlling shareholder, so that its registered capital increased from 770 million yuan to 875 million yuan.
The amount will be paid by the Jingwei Textile Machinery Affiliated Companies Beijing Jingwei for the following way, to the Hongkong real estate company's 44.83% stake in Beijing Hongbo, and cash to Beijing property.
Capital injection
12 million 500 thousand yuan.
In addition, the company will sell Beijing Hongbo 20.17% interest to the Heng Tian real estate at a price of 61 million 200 thousand yuan. It is expected that the proceeds from the sale of the shares will be about 30 million 168 thousand yuan.
After completion, Beijing Jingwei owns the property rights of Heng Tian from 0% to 12%, and Heng Tian real estate will wholly-owned Beijing Hongbo.
Heng Tian real estate
Mainly engaged in real estate development, property leasing, construction and decoration, investment, property services and agents, Beijing Hongbo mainly engaged in real estate development and provide management services and information consulting services to its own property.
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