Shanghai DaZhong Public Utilities Subsidiaries announced that it s 66.63%-owned subsidiary, a Shanghai-based pharmaceutical company, will transfer all its 70% stake in a Shanghai-based industrial company (Company A) to Dazhong Transportation (Group) Co. Ltd. at RMB 80,259,561.91. The Company's wholly owned subsidiary, a Shanghai-based development company, will also transfer all its 30% stake in Company A to Dazhong Transportation (Group) Co. Ltd. at RMB 34,396,955.10.

Source:Shanghai Daily