Shanghai Broadband Technology disposes steel products processing business at RMB200 million
2017-11-21 16:11:00 [Print]
Shanghai Broadband Technology Co
. , Ltd . made an announcement on the evening of November 20th, claiming that it intends to transfer a 100% stake in Shanghai Special-shaped Steel Pipe Co . , Ltd . and an 80% stake in Special-shaped Steel Products Co . , Ltd . to Kunming New Energy at an agreed transaction price of RMB200 . 5089 million . Kunming New Energy will pay the full transfer price in cash . Upon the completion of the transaction, the company would strip the lose-making steel products processing and manufacturing business.