Qingshan Paper Divests Industrial Securities Stake

   Date:2012-01-06

December 28 -- Fujian Qingshan Paper Industry (600103) sold 949,000 shares of Industrial Securities (601377) and 858,000 shares of Fujian Yanjing Huiquan Brewery (600573) during the December 22-27 period, reports yicai.com, citing a company filing.

The share disposals generated investment returns of nine million yuan, accounting for 16.25 percent of 2010 net profit.

The average selling price of its stake in Industrial Securities was 8.09 yuan per share, while that of Huiquan Brewery was 6.71 yuan per share.

During the November 25 - December 21 period, the company had sold 555,000 shares of Fujian Yongan Forestry Group Joint-Stock (000663), and 754,000 shares of Huiquan Brewery, recording profits of 6.48 million yuan.

2005-2011 www.researchinchina.com All Rights Reserved 京ICP备05069564号-1