Zhengzhou Baiwen' Restructuring Plan Passed

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Friday, February 23, 2001, updated at 08:40(GMT+8)

Business

Zhengzhou Baiwen' Restructuring Plan Passed

On the shareholders general meeting of Zhengzhou Baiwen Co., Ltd. (600898 SSE) held Thursday morning, the plan of the company to restructure with Sanlian Group was passed by an overwhelming majority.

The plan requires that all shareholders of Zhengzhou Baiwen, including the shareholders of legal person shares and negotiable shares, should transfer 50 percent of the shares of the company they are holding to Sanlian Group. Over 90 percent shareholders attending the meeting voted for the plan.

Source: Panorama


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	On the shareholders general meeting of Zhengzhou Baiwen Co., Ltd. (600898 SSE) held Thursday morning, the plan of the company to restructure with Sanlian Group was passed by an overwhelming majority.




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