Guangtai Airport Equipment to Acquire Balance Stake in Subsidiary for 29 Million Yuan
MT Newswires Live02-10
Weihai Guangtai Airport Equipment (SHE:002111) plans to acquire an additional 35% in its subsidiary, Shandong Antai Airport Equipment, for 29.2 million yuan, according to a Tuesday disclosure on the Shenzhen bourse.
The stake of the airport passenger boarding bridge producer will be bought from Shandong Airport Investment Holding.
After the acquisition, the company's stake in Antai Airport Equipment will rise to 100% from 65%.
The Chinese manufacturer of ramp service and airside safety equipment's shares rose 1% in the afternoon trade.
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