Wolong Electric to sell 92.5% stake in Yinchuan Transformer to Red Phase Power for 1.082 billion yuan

Wolong Electric plans to transfer its 92.5% stake in subsidiary Wolong Electric Yinchuan Transformer to Xiamen Red Phase Power Equipment for 1.082 billion yuan, with 70% paid in shares and 30% in cash.

“卧龙电气拟以10.82亿元转让银川变压器92.5%股权”cs.com.cn

• 1 source
• cs.com.cn卧龙电气：拟以10.82亿元转让银川变压器92.5%股权_2016年11月30日_中证网Nov 30, 2016

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