Dongguan Development (000828.SZ) announced that the board of directors approved the proposal to participate in the bidding for part of the equity of Dongguan Securities...
Dongguan Development (000828.SZ) announced that the board of directors has approved the proposal to participate in the bidding for 0.3 billion shares (20% of the total share capital) of Dongguan Securities listed for public transfer by Guangdong Golden Dragon Development Inc., through a joint bid with Dongguan Golden Control, and the company will acquire 0.1065 billion shares (7.1% of the total share capital). If the bidding is successful and the approval and equity transfer procedures are completed smoothly, the company's holdings in Dongguan Securities will increase to 27.1%.