午夜小片|一级电影中文字幕|国产三级一区|精品久久久久久久国产性色av,国产一级黄色网,久久久久久久久久福利,久草超碰

Economy

Markets

Industries

Insights

Reports

Events

Changhong to raise funds

(China Daily)
Updated: 2007-04-25 08:54

Sichuan Changhong Electrical Co, China's second-biggest television maker, said it plans to raise about 2.5 billion yuan selling new shares to fund its purchase of Dutch company Sterope Investments BV.

Changhong plans to sell 400 million yuan-denominated shares for at least 6.27 yuan each to 10 institutional investors, the company said in a statement to the Shanghai Stock Exchange yesterday. It will use the money to buy a 75-percent stake in Sterope Investments, which controls South Korean plasma display-panel manufacturer Orion PDP Co.

Changhong is raising capital to pay for the 75-percent Sterope stake bought last year by Sichuan Century Shuanghong Display Devices Co, a venture formed by Changhong's parent with China's largest maker of cathode-ray tubes used in color televisions.