Chengtian acquires 25% stake in Golden Harvest

By 2007-11-01T14:45:00

Chengtian will pay $26m (HK$202m) in cash for a 24.78% stake and $2.6m (HK$20m) in convertible notes in Golden Harvest from Chow and related parties. Upon completion of the transaction, Chengtian will become the largest single shareholder in the company, which is listed in Hong Kong.

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