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Biggest Stock Rights Transfer Concluded in Shenzhen
Four enterprises including Shenzhen Nanyou Petroleum Ltd. in Shenzhen City have successfully had their stock rights transferred at the price of 290.5 million yuan, a record high in public bidding of property rights transfer in China.
Approved by the state-owned assets administration department of Shenzhen, Shenzhen Nanyou Group entrusted Shenzhen Property Rights Exchange Center to publicly transfer the stock rights of its four subordinate companies.
A total of 89.874 million yuan of assets is estimated, including 100 percent stock share of Shenzhen Nanyou Petroleum Ltd., 25 percent of Shenzhen Yueliangwan Petroleum Company, 40 percent of Shenzhen Dongbin Gas Station and 100 percent of Shenzhen Nanyou Goods Import & Export Company.
Banging on 200 million yuan bid price and many price raises, Shenzhen Petroleum Corporation finally won the deal at the highest bid of 290.5 million yuan.
By PD Online Staff Li Yan
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