Tuesday, 1 December 2015

STO Shell Takeover Efforts

STO is accelerating its shell takeover efforts. The shell company idcgroup (SZ002468) is to displace all assets and debt with 100% STO equity. This deal is estimated to worth RMB16.9 billion. Meanwhile the company is to raise up to RMB4.8 billion. 申通继续加快上市步伐。“壳公司”艾迪西昨日发布公告表示,拟置出全部资产、负债,置入申通快递100%股权,作价169亿元。同时,公司拟募集配套资金不超过48亿元。

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